Dana Transport Inc. 401(k) Review & Grade
Dana Transport Savings and Investment Plan
Avenel, NJTransportation & Warehousing946 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$760Employer $ per active participant
$3,496Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$31.4MNet plan assets, end of year
$34,438Average balance per account
Score breakdown
- Employer generosity19.8 / 5040th percentile for employer $ per participant
- Low cost11.4 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 46th |
| Employee saving | 57th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Dana Transport put in about $760 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 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 | $718,630 |
| Participant (employee) contributions | $3,307,361 |
| Other contributions (incl. rollovers in) | $184,815 |
| Administrative expenses paid from the plan | $76,388 |
| Investment advisory & management fees | $14,146 |
| Benefits paid out | $3,704,466 |
| Net assets, start / end of year | $26.9M / $31.4M |
| Active participants, start / end of year | 814 / 1,078 |
| Participants with account balances | 911 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Topel and Silver |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $62,242 reported compensation |
| Strategic Advisors, Inc. | $14,146 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014143419NAL0001552515001, received 2025-10-14, EIN 22-1968498, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.