Plan Ledger DOL Form 5500 · updated monthly

Triumvirate Environmental, Inc.401(k)

TRIUMVIRATE ENVIRONMENTAL, INC. SAVINGS, PROFIT SHARING & RETIREMENT PLAN · SOMERVILLE, MA · plan year 2024

Reported admin expense ratio · 2024
0.25%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Triumvirate Environmental, Inc. reported $130,341 in plan administrative expenses for 2024: 0.25% of average plan assets, higher than ~75% of peers. Employer contributions averaged $710 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.39% to 0.25%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 631st-largest of 2,726 plans among Massachusetts employers on file, and the 274th of 2,534 in administrative & support services. In 2024, employees put in $8.12 for every $1.00 the employer contributed; active participation has grown from 772 to 1,182 since 2022.

Plan summary
Net assets, end of year$57,565,663
Participants with balances1,465
Active participants1,182
Employer contributions$839,292
Employee contributions$6,812,602
Employer contribution per active participant$710
Average account balance$39,294
Benefits paid to participants$3,789,400
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$57.6M · 1,465 accts · $839K emplr
2023$45.9M · 1,408 accts · $957K emplr
2022$33.3M · 1,032 accts · $674K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$115,341
Investment management$15,000
Total administrative$130,341
The Triumvirate Environmental, Inc. 401(k) match · 2024
Employer contribution per active participant$710
Median for plans this size$3,635
2024$710 per active participant
2023$937 per active participant
2022$873 per active participant

Triumvirate Environmental, Inc.'s 2024 employer contribution ran below the $3,635 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$115,341
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$15,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$130,341 · 0.25%
2023$104,410 · 0.26%
2022$138,786 · 0.39%
Same employer
Similar plansAdministrative & Support Services · Massachusetts
United Site Services, Inc MA$96.1M · 0.22%
Alku, LLC MA$65.3M · 0.31%
Veranex, Inc. MA$51.5M · 0.26%
Isaacson Miller MA$48.4M · 0.27%
Globalization Partners MA$36.7M · 0.10%
Harvey Tool Company, LLC MA$36.4M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043017601 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.