Bulkmatic Transport Company 401(k) Review & Grade
Bulkmatic 401(k) Retirement Savings Plan
Griffith, INTransportation & Warehousing670 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,484Employer $ per active participant
$5,709Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$39.7MNet plan assets, end of year
$45,874Average balance per account
Score breakdown
- Employer generosity30.4 / 5061th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score59 / 100 · Grade C
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 | 26th |
| Employee saving | 80th |
| 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
- Bulkmatic Transport 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 (0.46% 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 | $994,278 |
| Participant (employee) contributions | $3,825,240 |
| Other contributions (incl. rollovers in) | $207,482 |
| Administrative expenses paid from the plan | $175,484 |
| Investment advisory & management fees | $84,087 |
| Benefits paid out | $8,982,421 |
| Net assets, start / end of year | $37.4M / $39.7M |
| Active participants, start / end of year | 734 / 606 |
| Participants with account balances | 866 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Katz Sapper & Miller LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $91,396 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $90,437 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251103113117NAL0009671920001, received 2025-11-03, EIN 36-2589105, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.