Plan Ledger DOL Form 5500 · updated monthly

Trs Staffing Solutions, Inc.401(k) + ESOP (KSOP)

TRS 401(K) RETIREMENT PLAN · IRVING, TX · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Trs Staffing Solutions, Inc. reported $118,000 in plan administrative expenses for 2024: 0.43% of average plan assets, above the peer median. Employer contributions averaged $304 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 0.56% to 0.43%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 1,612th-largest of 5,688 plans among Texas employers on file, and the 1,603rd of 5,337 in construction. In 2024, employees put in $12.84 for every $1.00 the employer contributed; active participation has shrunk from 1,069 to 619 since 2022.

Plan summary
Net assets, end of year$28,070,000
Participants with balances1,400
Active participants619
Employer contributions$188,000
Employee contributions$2,413,000
Employer contribution per active participant$304
Average account balance$20,050
Benefits paid to participants$4,175,000
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.1M · 1,400 accts · $188K emplr
2023$26.3M · 1,536 accts · $136K emplr
2022$24.5M · 1,576 accts · $95K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,000
Investment management$10,000
Audit (IQPA)$35,000
Trustee / custodial$6,000
Total administrative$118,000
The Trs Staffing Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$304
Median for plans this size$2,416
2024$304 per active participant
2023$186 per active participant
2022$89 per active participant

Trs Staffing Solutions, 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.

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 · 20245
VOYA INSTITUTIONAL PLAN SERVICES · Recordkeeping · Loan processing$92,200
WATSON WYATT INVESTMENT CONSULTING · Actuarial$46,818
ERNST & YOUNG, LLP · Accounting / audit$35,500
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$9,602
NORTHERN TRUST COMPANY · Trustee$6,166

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

Recordkeeper by year2
2024Voya
2023Voya

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$118,000 · 0.43%
2023$189,000 · 0.74%
2022$151,000 · 0.56%
Similar plansConstruction · Texas
T-N-T Crane & Rigging, Inc. TX$29.1M · 0.28%
Airco Mechanical, LTD. TX$27.8M · 0.14%
Reece Albert, Inc. TX$25.1M · 0.45%
Venture Mechanical, Inc. TX$24.7M · 0.39%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 570785147 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.