R&l Carriers, Inc. 401(k) Review & Grade
R&l Carriers, Inc. 401(k) Retirement Savings Plan
Wilmington, OHTransportation & Warehousing20,944 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$621Employer $ per active participant
$2,194Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$472.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 36th |
| Employee saving | 29th |
| Peers that auto-enroll | 30% |
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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
- R&l Carriers put in about $621 per active participant, below the typical peer ($1,415). 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 | $13,007,105 |
| Participant (employee) contributions | $45,954,609 |
| Other contributions (incl. rollovers in) | $8,321,343 |
| Administrative expenses paid from the plan | $519,143 |
| Contract administrator fees | $900 |
| Investment advisory & management fees | $275,673 |
| Other admin expenses | $45,000 |
| Benefits paid out | $44,684,398 |
| Net assets, start / end of year | $394.3M / $472.4M |
| Active participants, start / end of year | 20,491 / 21,397 |
| Participants with account balances | 10,042 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mellott & Mellott P.L.L. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $275,673 reported compensation |
| Fidelity Investments Institutional | $198,470 reported compensation |
| Morganstanleysmithbarneyllc | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003140745NAL0001494577001, received 2025-10-03, EIN 31-1423221, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.