Southeastern Freight Lines, Inc. 401(k) Review & Grade
Southeastern Freight Lines Retirement Savings Program
Columbia, SCTransportation & Warehousing8,519 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,007Employer $ per active participant
$7,072Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$117,269Average balance per account
Score breakdown
- Employer generosity35.7 / 5071th percentile for employer $ per participant
- Low cost17.0 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving11.6 / 1577th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 68th |
| Employee saving | 77th |
| Peers that auto-enroll | 46% |
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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
- Southeastern Freight Lines put in about $3,007 per active participant, more than the typical peer ($1,834). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $25,619,645 |
| Participant (employee) contributions | $60,246,160 |
| Other contributions (incl. rollovers in) | $1,829,091 |
| Administrative expenses paid from the plan | $779,463 |
| Investment advisory & management fees | $83,185 |
| Other admin expenses | $241,356 |
| Benefits paid out | $100,067,258 |
| Net assets, start / end of year | $1.0B / $1.2B |
| Active participants, start / end of year | 8,590 / 8,448 |
| Participants with account balances | 9,891 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| T. Rowe Price RPS Inc | $532,837 reported compensation |
| Aon Consulting Inc | $63,852 reported compensation |
| Grant Thornton LLP | $23,243 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807152723NAL0002231123001, received 2025-08-07, EIN 57-0301199, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.