Diesel Direct 401(k) Review & Grade
Fuelloc 401(k)
Stoughton, MARetail Trade1,126 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$789Employer $ per active participant
$3,887Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$33.9MNet plan assets, end of year
$28,641Average balance per account
Score breakdown
- Employer generosity26.2 / 5052th percentile for employer $ per participant
- Low cost5.4 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 21th |
| Employee saving | 64th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($388,255 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Diesel Direct put in about $789 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 (0.53% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $889,167 |
| Participant (employee) contributions | $4,378,467 |
| Other contributions (incl. rollovers in) | $843,871 |
| Administrative expenses paid from the plan | $168,395 |
| Investment advisory & management fees | $88,001 |
| Benefits paid out | $6,690,656 |
| Net assets, start / end of year | $30.1M / $33.9M |
| Active participants, start / end of year | 1,107 / 1,146 |
| Participants with account balances | 1,185 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $92,084 reported compensation |
| Adp, Inc. | $68,074 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020093121NAL0000427523001, received 2025-10-20, EIN 04-3280313, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.