Amerifleet Transportation, Inc. 401(k) Review & Grade
Acertus 401(k) Plan
ST. Louis, MOTransportation & Warehousing1,033 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,484Employer $ per active participant
$2,709Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$18.1MNet plan assets, end of year
$18,666Average balance per account
Score breakdown
- Employer generosity30.3 / 5061th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 14th |
| Employee saving | 44th |
| 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 ($107 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
- Amerifleet Transportation put in about $1,484 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.66% 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 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 | $1,532,827 |
| Participant (employee) contributions | $2,798,043 |
| Other contributions (incl. rollovers in) | $1,231,202 |
| Administrative expenses paid from the plan | $102,055 |
| Investment advisory & management fees | $17,694 |
| Benefits paid out | $2,039,242 |
| Net assets, start / end of year | $12.7M / $18.1M |
| Active participants, start / end of year | 883 / 1,183 |
| Participants with account balances | 967 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Aprio LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $84,361 reported compensation |
| Cbiz Investment Advisory Services | $17,694 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923160028NAL0008228163001, received 2025-09-23, EIN 58-2339967, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.