Odyssey Logistics & Technology Corporation 401(k) Review & Grade
Odyssey Logistics & Technology Corporation 401(k) Plan
Danbury, CTProfessional, Scientific & Technical Services1,459 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,518Employer $ per active participant
$3,525Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$83.0MNet plan assets, end of year
$81,451Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving2.7 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score28 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 37th |
| Employee saving | 18th |
| Peers that auto-enroll | 48% |
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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
- Odyssey Logistics & Technology put in about $1,518 per active participant, below the typical peer ($3,082). 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.
- 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 | $2,215,367 |
| Participant (employee) contributions | $5,143,090 |
| Other contributions (incl. rollovers in) | $1,139,629 |
| Administrative expenses paid from the plan | $283,697 |
| Contract administrator fees | $283,697 |
| Benefits paid out | $11,345,249 |
| Net assets, start / end of year | $88.1M / $83.0M |
| Active participants, start / end of year | 1,511 / 1,407 |
| Participants with account balances | 1,019 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Fiondella, Milon & Lasaracina |
Largest service providers (Schedule C)
| Cetera Investment Advisers LLC | $71,086 reported compensation |
| Voya Retirement Advisors, LLC | $56,703 reported compensation |
| Pension Consultants, Inc. | $39,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010082556NAL0004426531001, received 2025-10-10, EIN 55-0804720, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.