Trustmark Corporation 401(k) Review & Grade
Trustmark 401(k) Plan
Jackson, MSFinance & Insurance2,642 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,051Employer $ per active participant
$5,594Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$397.7MNet plan assets, end of year
$132,929Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost20.0 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1516th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 80th |
| Employee saving | 16th |
| Peers that auto-enroll | 66% |
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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 put in about $4,051 per active participant, below the typical peer ($4,489). 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.
- 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.
- 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 | $10,700,550 |
| Participant (employee) contributions | $14,776,805 |
| Other contributions (incl. rollovers in) | $3,105,726 |
| Administrative expenses paid from the plan | $180,921 |
| Benefits paid out | $68,436,911 |
| Net assets, start / end of year | $385.0M / $397.7M |
| Active participants, start / end of year | 2,796 / 2,487 |
| Participants with account balances | 2,992 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
| Employer stock held by plan | $17,390,020 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $189,330 reported compensation |
| Empower Advisory Group, LLC | $26,179 reported compensation |
| Charles Schwab | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731145953NAL0013527346001, received 2025-07-31, EIN 64-0471500, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.