Alta Enterprises, LLC 401(k) Review & Grade
Alta Equipment Company 401(k) Plan & Trust
Livonia, MITransportation & Warehousing2,657 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,184Employer $ per active participant
$7,251Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$172.1MNet plan assets, end of year
$61,333Average balance per account
Score breakdown
- Employer generosity29.5 / 5059th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 32th |
| Employee saving | 79th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,043 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Alta Enterprises put in about $2,184 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.
- Direct plan expenses (0.21% of assets) are well above similar-size plans (0.12%). 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 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 | $5,803,566 |
| Participant (employee) contributions | $19,266,704 |
| Other contributions (incl. rollovers in) | $4,704,527 |
| Administrative expenses paid from the plan | $340,891 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $108,597 |
| Benefits paid out | $22,559,128 |
| Net assets, start / end of year | $146.5M / $172.1M |
| Active participants, start / end of year | 2,807 / 2,507 |
| Participants with account balances | 2,806 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $232,294 reported compensation |
| Strategic Advisors, Inc. | $58,719 reported compensation |
| B.riley Wealth Advisors Inc | $49,878 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140105NAL0000686099001, received 2025-10-13, EIN 82-3166837, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.