Maverick USA, Inc 401(k) Review & Grade
Maverick USA, Inc 401(k) Retirement Plan
Little Rock, ARTransportation & Warehousing2,140 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$777Employer $ per active participant
$2,276Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$51.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity19.9 / 5040th percentile for employer $ per participant
- Low cost5.9 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 23th |
| Employee saving | 35th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $58,440 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Maverick USA put in about $777 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 (0.50% 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 | $1,663,415 |
| Participant (employee) contributions | $4,870,196 |
| Other contributions (incl. rollovers in) | $149,437 |
| Administrative expenses paid from the plan | $234,547 |
| Benefits paid out | $3,740,604 |
| Net assets, start / end of year | $43.3M / $51.4M |
| Active participants, start / end of year | 2,116 / 2,163 |
| Participants with account balances | 1,036 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | HCJ Cpas & Advisors, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $234,547 reported compensation |
| Stephens Inc. | $75,588 reported compensation |
| National Financial Services | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717165234NAL0000716945001, received 2025-07-17, EIN 71-0532344, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.