Romark Logistics of Texas, Inc. 401(k) Review & Grade
RLG Employees' 401(k) Plan
Westfied, NJTransportation & Warehousing657 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,759Employer $ per active participant
$2,321Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$24.2MNet plan assets, end of year
$25,872Average balance per account
Score breakdown
- Employer generosity33.8 / 5068th percentile for employer $ per participant
- Low cost6.9 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 28th |
| Employee saving | 36th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($52,243 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Romark Logistics of Texas put in about $1,759 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.
- Direct plan expenses (0.43% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $1,155,357 |
| Participant (employee) contributions | $1,524,689 |
| Other contributions (incl. rollovers in) | $40,887 |
| Administrative expenses paid from the plan | $99,356 |
| Contract administrator fees | $99,356 |
| Benefits paid out | $2,495,363 |
| Net assets, start / end of year | $21.7M / $24.2M |
| Active participants, start / end of year | 612 / 702 |
| Participants with account balances | 937 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hill Barth & King, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $107,052 reported compensation |
| Morgan Stanley | $42,477 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015091414NAL0004156865001, received 2025-10-15, EIN 74-2078596, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.