Tricorbraun 401(k) match, vesting and fees
What Tricorbraun's 401(k) plan says about matching contributions
The Employer may make a discretionary matching or nonelective contribution. The Employer made a discretionary matching contribution of 50% of salary deferrals up to 6% of eligible compensation for the year ended December 31, 2024.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 34 ↗ |
| Automatic enrollment | The Plan has an automatic enrollment feature in which 3% of eligible compensation will be automatically withheld for new participants, unless otherwise elected by the participant. The Plan also has an automatic increase feature whereby auto enrolled participants will be increased by 1% each year up to a maximum percentage of 15%. | Audit report, p. 34 ↗ |
| Roth contributions | Participants are thereby permitted to elect to have a percentage, up to 90%, of their compensation contributed as pre-tax 401(k) or after-tax Roth contributions to the Plan. | Audit report, p. 34 ↗ |
| Loans | Notes are permitted only for the purpose of meeting a financial hardship and other specific criteria as defined in the loan policy. Participants may borrow from their fund accounts up to a maximum equal to the lesser of $50,000 or 50% of their account balance. | Audit report, p. 35 ↗ |
| Recordkeeper | Oneamerica Retirement Services LLC | Schedule C ↗ |
| Independent auditor | Cliftonlarsonallen LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 348 defined-contribution plans in wholesale trade with 1,000 to 4,999 participants.
| Tricorbraun: employer contribution per participant | $2,105 | |
| Peer median | $2,066 |
| Tricorbraun: average balance | $132,836 | |
| Peer median | $77,876 |
| Tricorbraun: admin expenses ÷ assets | 0.10% | |
| Peer median | 0.14% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $144M at the end of plan year 2021 to $165M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,285 | $165M | $2.6M | $2,105 | 0.10% | Quoted in the audit report, p. 34 ↗ | Form 5500 ↗ |
| 2023 | 1,291 | $146M | $1.2M | $1,007 | 0.11% | Not published | Form 5500 ↗ |
| 2022 | 1,265 | $124M | $2.3M | $1,795 | 0.11% | Not published | Form 5500 ↗ |
| 2021 | 1,101 | $144M | $2.2M | $2,083 | 0.09% | Not published | Form 5500 ↗ |
Common questions
Does Tricorbraun match 401(k) contributions?
The audit report attached to the Tricorbraun 401(k) Plan's plan year 2024 Form 5500, page 34 says: “The Employer may make a discretionary matching or nonelective contribution. The Employer made a discretionary matching contribution of 50% of salary deferrals up to 6% of eligible compensation for the year ended December 31, 2024.” Plan terms may have changed; check your current Summary Plan Description.
When is the Tricorbraun 401(k) match vested?
The vesting schedule for the Tricorbraun 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Tricorbraun 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Oneamerica Retirement Services LLC. The plan administrator is Tricorbraun Inc..
I left Tricorbraun. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Tricorbraun Inc., (314) 569-3633) or the recordkeeper, Oneamerica Retirement Services LLC. The Tricorbraun old 401(k) page lists the contacts from every plan filing. Find an old Tricorbraun 401(k)
Data from the public Form 5500 annual reports Tricorbraun filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Tricorbraun. Not financial advice. Report a correction · Methodology