Acme Truck Line, Inc. 401(k) Review & Grade
Acme Truck Line 401(k) Plan
Gretna, LATransportation & Warehousing1,389 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$286Employer $ per active participant
$1,651Employee $ saved per active participant
0.73%Direct admin cost, % of plan assets
$26.2MNet plan assets, end of year
$21,076Average balance per account
Score breakdown
- Employer generosity7.2 / 5014th percentile for employer $ per participant
- Low cost3.0 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 12th |
| Employee saving | 25th |
| Peers that auto-enroll | 37% |
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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
- Acme Truck Line put in about $286 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.73% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $396,594 |
| Participant (employee) contributions | $2,292,806 |
| Other contributions (incl. rollovers in) | $118,572 |
| Administrative expenses paid from the plan | $183,630 |
| Investment advisory & management fees | $961 |
| Benefits paid out | $3,757,659 |
| Net assets, start / end of year | $24.3M / $26.2M |
| Active participants, start / end of year | 1,240 / 1,538 |
| Participants with account balances | 1,242 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Laporte |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $182,669 reported compensation |
| Empower Advisory Group, LLC | $961 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903141601NAL0009462195001, received 2025-09-03, EIN 72-0540787, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.