Tradesource, Inc.401(k)
THE CONTRACTORS RETIREMENT PLAN · WARWICK, RI · plan year 2024
Tradesource, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $10,604,519 across 243 participant accounts, with employer contributions averaging $279 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Rhode Island (164th of 286), and the 976th of 2,534 in administrative & support services. In 2024, the employer put in $1.65 for every $1.00 employees contributed themselves; active participation has grown from 1,877 to 2,175 since 2022.
Tradesource, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 137045319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.