Star Leasing Company, LLC 401(k) Review & Grade
Star Leasing Company, LLC 401(k) Plan
Columbus, OHTransportation & Warehousing532 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,725Employer $ per active participant
$4,272Employee $ saved per active participant
0.32%Direct admin cost, % of plan assets
$28.8MNet plan assets, end of year
$47,531Average balance per account
Score breakdown
- Employer generosity40.9 / 5082th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 38th |
| Employee saving | 66th |
| Peers that auto-enroll | 37% |
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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
- Star Leasing Company put in about $2,725 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 | $1,450,982 |
| Participant (employee) contributions | $2,274,854 |
| Other contributions (incl. rollovers in) | $322,474 |
| Administrative expenses paid from the plan | $88,132 |
| Contract administrator fees | $88,132 |
| Benefits paid out | $4,108,510 |
| Net assets, start / end of year | $25.9M / $28.8M |
| Active participants, start / end of year | 504 / 561 |
| Participants with account balances | 606 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| John Hancock | $87,427 reported compensation |
| Northwesten Mutual Investment Servi | $404 reported compensation |
| Coastal Pension Services, Inc. | $300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250711113446NAL0007287329001, received 2025-07-11, EIN 31-0854574, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.