Triumph Higher Education Group, LLC 401(k) Review & Grade
Triumph Higher Education Group, LLC 401(k) Plan
Schaumburg, ILEducational Services589 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,202Employer $ per active participant
$4,612Employee $ saved per active participant
0.78%Direct admin cost, % of plan assets
$15.6MNet plan assets, end of year
$26,915Average balance per account
Score breakdown
- Employer generosity37.1 / 5074th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 10th |
| Employee saving | 74th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $884 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Triumph Higher Education Group put in about $2,202 per active participant, more than the typical peer ($1,225). 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.
- Direct plan expenses (0.78% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $1,297,258 |
| Participant (employee) contributions | $2,716,599 |
| Other contributions (incl. rollovers in) | $160,317 |
| Administrative expenses paid from the plan | $106,772 |
| Contract administrator fees | $106,772 |
| Benefits paid out | $1,953,229 |
| Net assets, start / end of year | $11.7M / $15.6M |
| Active participants, start / end of year | 629 / 549 |
| Participants with account balances | 579 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcclintock & Associates, PC |
Largest service providers (Schedule C)
| Stancorp Financial Group | $106,765 reported compensation |
| Schwab Funds | $8,262 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924171931NAL0008419424001, received 2025-09-24, EIN 27-2336979, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.