TRS Staffing Solutions, Inc. 401(k) Review & Grade
TRS 401(k) Retirement Plan
Irving, TXConstruction674 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$279Employer $ per active participant
$3,577Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$28.1MNet plan assets, end of year
$20,050Average balance per account
Score breakdown
- Employer generosity5.0 / 5010th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 28th |
| Employee saving | 45th |
| Peers that auto-enroll | 44% |
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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
- TRS Staffing Solutions put in about $279 per active participant, below the typical peer ($1,672). 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 (0.43% 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 | $188,000 |
| Participant (employee) contributions | $2,413,000 |
| Other contributions (incl. rollovers in) | $1,618,000 |
| Administrative expenses paid from the plan | $118,000 |
| Investment advisory & management fees | $10,000 |
| Benefits paid out | $4,175,000 |
| Net assets, start / end of year | $26.3M / $28.1M |
| Active participants, start / end of year | 730 / 619 |
| Participants with account balances | 1,400 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young, LLP |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $92,200 reported compensation |
| Watson Wyatt Investment Consulting | $46,818 reported compensation |
| Ernst & Young, LLP | $35,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008092219NAL0005617137001, received 2025-10-08, EIN 57-0785147, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.