Durham School Services, L.P. 401(k) Review & Grade
National Express Safe Harbor 401k Plan
Lisle, ILTransportation & Warehousing17,986 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$337Employer $ per active participant
$715Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$129.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving2.0 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 6th |
| Employee saving | 13th |
| Peers that auto-enroll | 30% |
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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
- Durham School Services, L.P. put in about $337 per active participant, below the typical peer ($1,415). 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.
- Direct plan expenses (0.39% of assets) are well above similar-size plans (0.09%). 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.
- 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 | $6,055,696 |
| Participant (employee) contributions | $12,857,007 |
| Other contributions (incl. rollovers in) | $590,476 |
| Administrative expenses paid from the plan | $493,271 |
| Investment advisory & management fees | $23,630 |
| Benefits paid out | $18,998,815 |
| Net assets, start / end of year | $125.4M / $129.9M |
| Active participants, start / end of year | 18,709 / 17,262 |
| Participants with account balances | 4,629 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $427,659 reported compensation |
| Plante & Moran, PLLC | $41,982 reported compensation |
| Mycio Wealth Partners LLC | $23,630 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015133041NAL0002490771001, received 2025-10-15, EIN 95-3320487, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.