Triboro Administrative Services, LLC 401(k) Review & Grade
Rendr Care Physicians 401(k) Plan
New York, NYAdministrative, Support & Staffing Services1,280 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,745Employer $ per active participant
$5,588Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$36.1MNet plan assets, end of year
$30,484Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost7.5 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 30th |
| Employee saving | 81th |
| Peers that auto-enroll | 27% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($502,912 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Triboro Administrative Services put in about $2,745 per active participant, more than the typical peer ($712). 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 (0.41% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $3,513,440 |
| Participant (employee) contributions | $7,152,693 |
| Other contributions (incl. rollovers in) | $681,959 |
| Administrative expenses paid from the plan | $117,775 |
| Investment advisory & management fees | $117,775 |
| Benefits paid out | $714,777 |
| Net assets, start / end of year | $21.9M / $36.1M |
| Active participants, start / end of year | 1,209 / 1,351 |
| Participants with account balances | 1,183 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Heritage Pension Adisors | $58,630 reported compensation |
| Cetera Advisor Network LLC | $58,396 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801081818NAL0006993185001, received 2025-08-01, EIN 32-0618921, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.