Trustmark Services Company 401(k) Review & Grade
Trustmark Services Company Investment and Savings Plan
Lake Forest, ILFinance & Insurance843 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,655Employer $ per active participant
$10,554Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$307.3MNet plan assets, end of year
$252,911Average balance per account
Score breakdown
- Employer generosity40.3 / 5081th percentile for employer $ per participant
- Low cost19.3 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 77th |
| Employee saving | 78th |
| Peers that auto-enroll | 62% |
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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
- Trustmark Services put in about $6,655 per active participant, more than the typical peer ($3,606). 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.
- 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 | $5,609,973 |
| Participant (employee) contributions | $8,897,333 |
| Other contributions (incl. rollovers in) | $2,154,459 |
| Administrative expenses paid from the plan | $255,732 |
| Investment advisory & management fees | $15,011 |
| Other admin expenses | $32,000 |
| Benefits paid out | $23,119,448 |
| Net assets, start / end of year | $274.1M / $307.3M |
| Active participants, start / end of year | 835 / 851 |
| Participants with account balances | 1,215 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $208,721 reported compensation |
| Willis Towers Watson US LLC | $32,000 reported compensation |
| Strategic Advisors, Inc. | $15,011 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250828101418NAL0020241058001, received 2025-08-28, EIN 27-0056662, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.