Wiley Sanders Truck Lines, Inc. 401(k) Review & Grade
Wiley Sanders Truck Lines, Inc. 401(k) Profit Sharing Plan
Troy, ALTransportation & Warehousing1,830 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,550Employer $ per active participant
$2,331Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$43.3MNet plan assets, end of year
$28,231Average balance per account
Score breakdown
- Employer generosity31.5 / 5063th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving5.6 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 32th |
| Employee saving | 37th |
| Peers that auto-enroll | 37% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $201 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Wiley Sanders Truck Lines put in about $1,550 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 (0.38% 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 | $2,837,100 |
| Participant (employee) contributions | $4,265,440 |
| Other contributions (incl. rollovers in) | $94,289 |
| Administrative expenses paid from the plan | $153,760 |
| Investment advisory & management fees | $101,343 |
| Benefits paid out | $5,350,496 |
| Net assets, start / end of year | $37.8M / $43.3M |
| Active participants, start / end of year | 1,832 / 1,828 |
| Participants with account balances | 1,535 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mcdaniel and Associates PC |
Largest service providers (Schedule C)
| Osaic Wealth Inc. | $101,343 reported compensation |
| Transamerica Life Insurance Company | $42,917 reported compensation |
| Mcdaniel and Associates, PC | $9,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014080359NAL0001105587002, received 2025-10-14, EIN 63-0630434, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.