Triumph Foods, LLC 401(k) Review & Grade
Triumph Foods, LLC 401k Plan
Saint Joseph, MOManufacturing546 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,158Employer $ per active participant
$3,468Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$14.6MNet plan assets, end of year
$37,145Average balance per account
Score breakdown
- Employer generosity10.6 / 5021th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score19 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 17th |
| Employee saving | 29th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $39,255 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Triumph Foods put in about $1,158 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.61% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $633,059 |
| Participant (employee) contributions | $1,895,232 |
| Other contributions (incl. rollovers in) | $16,244 |
| Administrative expenses paid from the plan | $81,783 |
| Investment advisory & management fees | $40,635 |
| Benefits paid out | $1,530,132 |
| Net assets, start / end of year | $12.2M / $14.6M |
| Active participants, start / end of year | 579 / 514 |
| Participants with account balances | 392 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $41,148 reported compensation |
| Mariner Wealth Advisors, LLC | $40,634 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250806205534NAL0003172211001, received 2025-08-06, EIN 48-1301895, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.