Oak Harbor Freight Lines, Inc. 401(k) Review & Grade
Oak Harbor Freight Lines, Inc. 401(k) Plan and Trust
Auburn, WATransportation & Warehousing1,945 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,451Employer $ per active participant
$4,473Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$112.1MNet plan assets, end of year
$55,227Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost12.7 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 51th |
| Employee saving | 69th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,195 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Oak Harbor Freight Lines put in about $2,451 per active participant, more than the typical peer ($1,070). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $4,767,272 |
| Participant (employee) contributions | $8,699,644 |
| Other contributions (incl. rollovers in) | $1,616,353 |
| Administrative expenses paid from the plan | $233,428 |
| Benefits paid out | $11,535,155 |
| Net assets, start / end of year | $95.8M / $112.1M |
| Active participants, start / end of year | 1,878 / 2,012 |
| Participants with account balances | 2,029 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| NW Investment Consulting DBA Nwps | $194,912 reported compensation |
| Charles Schwab Trust Bank | $38,516 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008114931NAL0005792929001, received 2025-10-08, EIN 91-0909217, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.