Firstfleet, Inc 401(k) Review & Grade
Firstfleet, Inc. 401(k) Plan
Murfreesboro, TNTransportation & Warehousing3,443 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$329Employer $ per active participant
$2,361Employee $ saved per active participant
0.71%Direct admin cost, % of plan assets
$48.4MNet plan assets, end of year
$14,551Average balance per account
Score breakdown
- Employer generosity5.3 / 5011th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving3.7 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 8th |
| Employee saving | 25th |
| Peers that auto-enroll | 46% |
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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
- Firstfleet put in about $329 per active participant, below the typical peer ($1,834). 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 (0.71% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $1,131,223 |
| Participant (employee) contributions | $8,128,898 |
| Other contributions (incl. rollovers in) | $640,895 |
| Administrative expenses paid from the plan | $330,591 |
| Contract administrator fees | $330,591 |
| Benefits paid out | $10,682,859 |
| Net assets, start / end of year | $44.2M / $48.4M |
| Active participants, start / end of year | 3,705 / 3,181 |
| Participants with account balances | 3,327 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs & Ingram |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $330,591 reported compensation |
| Creative Planning, Inc. | $64,993 reported compensation |
| Creative Planning, LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009154556NAL0003719699001, received 2025-10-09, EIN 62-1283959, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.