Glovis Alabama, LLC 401(k) Review & Grade
Glovis Alabama 401(k) Plan
Montgomery, ALTransportation & Warehousing669 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$577Employer $ per active participant
$1,725Employee $ saved per active participant
1.45%Direct admin cost, % of plan assets
$7.4MNet plan assets, end of year
$14,882Average balance per account
Score breakdown
- Employer generosity15.2 / 5030th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 3th |
| Employee saving | 27th |
| Peers that auto-enroll | 37% |
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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
- Glovis Alabama put in about $577 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.
- Direct plan expenses (1.45% 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.
- 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 | $385,700 |
| Participant (employee) contributions | $1,154,176 |
| Other contributions (incl. rollovers in) | $18,838 |
| Administrative expenses paid from the plan | $95,368 |
| Investment advisory & management fees | $11,040 |
| Benefits paid out | $720,215 |
| Net assets, start / end of year | $5.8M / $7.4M |
| Active participants, start / end of year | 705 / 633 |
| Participants with account balances | 494 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett |
Largest service providers (Schedule C)
| Adp, Inc. | $84,327 reported compensation |
| Morgan Stanley Smith Barney | $11,040 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014054328NAL0002261457001, received 2025-10-14, EIN 43-2037591, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.