States Logistics Services, Inc. 401(k) Review & Grade
States Logistics 401(k) Plan
Buena Park, CATransportation & Warehousing748 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$457Employer $ per active participant
$2,689Employee $ saved per active participant
0.75%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
$21,420Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 11th |
| Employee saving | 44th |
| 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
- States Logistics Services put in about $457 per active participant, below the typical peer ($1,070). 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.
- Direct plan expenses (0.75% 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.
- 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 | $341,823 |
| Participant (employee) contributions | $2,009,796 |
| Other contributions (incl. rollovers in) | $145,145 |
| Administrative expenses paid from the plan | $119,223 |
| Investment advisory & management fees | $42,565 |
| Benefits paid out | $696,304 |
| Net assets, start / end of year | $14.2M / $17.5M |
| Active participants, start / end of year | 746 / 749 |
| Participants with account balances | 819 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Windes, Inc. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $76,658 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $36,345 reported compensation |
| Empower Advisory Group, LLC | $6,220 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014134327NAL0001478963001, received 2025-10-14, EIN 33-0782803, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.