Troy Companies, LLC 401(k) Review & Grade
Troy Companies 401(k) Plan
Houston, TXConstruction2,676 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$504Employer $ per active participant
$877Employee $ saved per active participant
0.76%Direct admin cost, % of plan assets
$18.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.7 / 5013th percentile for employer $ per participant
- Low cost1.8 / 257th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 7th |
| Employee saving | 7th |
| Peers that auto-enroll | 57% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Troy Companies put in about $504 per active participant, below the typical peer ($1,965). 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 (0.76% of assets) are well above similar-size plans (0.12%). 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 | $1,347,751 |
| Participant (employee) contributions | $2,347,843 |
| Other contributions (incl. rollovers in) | $921,014 |
| Administrative expenses paid from the plan | $117,917 |
| Contract administrator fees | $5,025 |
| Benefits paid out | $617,258 |
| Net assets, start / end of year | $12.5M / $18.4M |
| Active participants, start / end of year | 2,935 / 2,418 |
| Participants with account balances | 478 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $115,956 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162226NAL0006751024001, received 2025-10-15, EIN 88-4159759, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.