Ascendance Trucks North America, LLC 401(k) Review & Grade
Ascendance Trucks 401k Plan
Harrisburg, PARetail Trade818 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,555Employer $ per active participant
$5,193Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$61.0MNet plan assets, end of year
$50,466Average balance per account
Score breakdown
- Employer generosity45.3 / 5091th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 36th |
| Employee saving | 84th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $43,139 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ascendance Trucks North America put in about $2,555 per active participant, more than the typical peer ($743). 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 (0.34% 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.
- 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 | $2,091,394 |
| Participant (employee) contributions | $4,250,138 |
| Other contributions (incl. rollovers in) | $38,911,523 |
| Administrative expenses paid from the plan | $133,882 |
| Investment advisory & management fees | $57,004 |
| Benefits paid out | $4,780,151 |
| Net assets, start / end of year | $16.7M / $61.0M |
| Active participants, start / end of year | 477 / 1,160 |
| Participants with account balances | 1,209 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlaronallenllp |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $76,874 reported compensation |
| Usi Advisors Inc | $57,008 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015111259NAL0004379457001, received 2025-10-15, EIN 87-4581979, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.