Lineage Logistics Holdings, LLC 401(k) Review & Grade
Lineage Logistics 401(k) Plan
Novi, MITransportation & Warehousing8,610 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,245Employer $ per active participant
$4,400Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$492.5MNet plan assets, end of year
$54,409Average balance per account
Score breakdown
- Employer generosity29.9 / 5060th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 23th |
| Employee saving | 52th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $32,870 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Lineage Logistics Holdings put in about $2,245 per active participant, more than the typical peer ($1,834). 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 (0.30% 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.
- 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 | $19,327,885 |
| Participant (employee) contributions | $37,882,031 |
| Other contributions (incl. rollovers in) | $6,473,974 |
| Administrative expenses paid from the plan | $1,380,601 |
| Other admin expenses | $1,380,601 |
| Benefits paid out | $53,131,439 |
| Net assets, start / end of year | $422.8M / $492.5M |
| Active participants, start / end of year | 8,546 / 8,673 |
| Participants with account balances | 9,052 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly, US LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $1,171,304 reported compensation |
| Vanguard Advisers Inc. | $243,691 reported compensation |
| Baker Tilly US LLP | $50,220 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015081605NAL0004046177001, received 2025-10-15, EIN 30-0707700, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.