American Heritage Railways, Inc. 401(k) Review & Grade
American Heritage Railways 401(k) Plan
Durango, COTransportation & Warehousing526 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$530Employer $ per active participant
$1,261Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$8.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost20.1 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 81th |
| Employee saving | 17th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,106 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- American Heritage Railways put in about $530 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $279,182 |
| Participant (employee) contributions | $663,743 |
| Other contributions (incl. rollovers in) | $109,300 |
| Administrative expenses paid from the plan | $5,761 |
| Contract administrator fees | $5,761 |
| Benefits paid out | $841,920 |
| Net assets, start / end of year | $7.2M / $8.4M |
| Active participants, start / end of year | 530 / 523 |
| Participants with account balances | 175 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $5,761 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001120058NAL0014223648001, received 2025-10-01, EIN 65-0848158, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.