Dart Warehouse Corporation 401(k) Review & Grade
Industry Employees' Incentive Savings Plan
Los Angeles, CATransportation & Warehousing1,016 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,345Employer $ per active participant
$1,505Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$40.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 49th |
| Employee saving | 22th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $23,296 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Dart Warehouse put in about $1,345 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.
- 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 | $1,367,464 |
| Participant (employee) contributions | $1,529,535 |
| Other contributions (incl. rollovers in) | $341,363 |
| Administrative expenses paid from the plan | $91,561 |
| Contract administrator fees | $91,561 |
| Benefits paid out | $4,123,866 |
| Net assets, start / end of year | $37.2M / $40.4M |
| Active participants, start / end of year | 1,002 / 1,031 |
| Participants with account balances | 404 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $76,417 reported compensation |
| Actuarial Benefits Corp | $33,224 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014145658NAL0001542387001, received 2025-10-14, EIN 95-3075353, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.