Tris Pharma, Inc. 401(k) Review & Grade
Tris Pharma 401(k) Plan
Monmouth Junction, NJManufacturing529 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,743Employer $ per active participant
$9,899Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$49.7MNet plan assets, end of year
$55,929Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost15.3 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 61th |
| Employee saving | 89th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Tris Pharma put in about $3,743 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,979,995 |
| Participant (employee) contributions | $5,236,587 |
| Other contributions (incl. rollovers in) | $788,652 |
| Administrative expenses paid from the plan | $72,003 |
| Contract administrator fees | $72,003 |
| Benefits paid out | $3,636,275 |
| Net assets, start / end of year | $39.7M / $49.7M |
| Active participants, start / end of year | 502 / 556 |
| Participants with account balances | 889 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Bdo USA, LLP | $32,523 reported compensation |
| Transamerica Life Insurance Company | $17,793 reported compensation |
| Red Bank Pension Services, Inc. | $14,374 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015084220NAL0004361985001, received 2025-10-15, EIN 22-3747409, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.