Trystar, LLC 401(k) Review & Grade
Trystar, LLC 401k Plan
Faribault, MNManufacturing560 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,338Employer $ per active participant
$4,663Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$19.8MNet plan assets, end of year
$50,360Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost21.7 / 2587th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 87th |
| Employee saving | 46th |
| Peers that auto-enroll | 59% |
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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
- Trystar put in about $2,338 per active participant, more than the typical peer ($2,320). 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.
- 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 | $1,310,374 |
| Participant (employee) contributions | $2,613,579 |
| Other contributions (incl. rollovers in) | $235,514 |
| Administrative expenses paid from the plan | $9,291 |
| Benefits paid out | $2,825,317 |
| Net assets, start / end of year | $16.1M / $19.8M |
| Active participants, start / end of year | 555 / 566 |
| Participants with account balances | 393 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $9,291 reported compensation |
| Morgan Stanley | $0 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925051048NAL0009381648001, received 2025-09-25, EIN 41-1837436, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.