Tryko Partners, LLC 401(k) Review & Grade
Tryko Partners, LLC 401(k) Plan
Brick, NJHealth Care & Social Assistance12,193 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$438Employer $ per active participant
$770Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$51.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.5 / 5029th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Health Care & Social Assistance plans with 10,000+ active participants (115 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 16th |
| Employee saving | 17th |
| Peers that auto-enroll | 52% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($368,751 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $302,621 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tryko Partners put in about $438 per active participant, below the typical peer ($2,086). 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 (0.21% of assets) are well above similar-size plans (0.09%). 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 | $5,344,033 |
| Participant (employee) contributions | $9,383,063 |
| Other contributions (incl. rollovers in) | $2,923,297 |
| Administrative expenses paid from the plan | $90,729 |
| Investment advisory & management fees | $14,746 |
| Benefits paid out | $4,420,681 |
| Net assets, start / end of year | $33.4M / $51.1M |
| Active participants, start / end of year | 10,579 / 13,807 |
| Participants with account balances | 3,004 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gorfine, Schiller & Gardyn, P.A. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $68,428 reported compensation |
| Cambridge Investment Research | $9,746 reported compensation |
| Davis & Gilbert LLP | $7,555 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144734NAL0001527875001, received 2025-10-14, EIN 27-0587208, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.