Central Transport, LLC 401(k) Review & Grade
Central Employees Savings Plan
Warren, MIManagement of Companies6,289 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$49Employer $ per active participant
$1,309Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$94.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.7 / 503th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving0.5 / 153th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Management of Companies plans with 2,500–9,999 active participants (60 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 88th |
| Employee saving | 3th |
| Peers that auto-enroll | 58% |
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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
- Central Transport put in about $49 per active participant, below the typical peer ($3,455). 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.
- 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 | $307,632 |
| Participant (employee) contributions | $8,233,844 |
| Other contributions (incl. rollovers in) | $2,229,176 |
| Administrative expenses paid from the plan | $29,324 |
| Other admin expenses | $29,324 |
| Benefits paid out | $10,850,371 |
| Net assets, start / end of year | $82.3M / $94.4M |
| Active participants, start / end of year | 5,923 / 6,655 |
| Participants with account balances | 2,245 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mrpr Group P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $17,696 reported compensation |
| Strategic Advisors Inc | $11,628 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141211NAL0003124945005, received 2025-10-14, EIN 85-3943702, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.