Amports, Inc. 401(k) Review & Grade
Amports 401(k) Plan
Jacksonville, FLTransportation & Warehousing584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,356Employer $ per active participant
$2,334Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$26.4MNet plan assets, end of year
$54,233Average balance per account
Score breakdown
- Employer generosity29.2 / 5058th percentile for employer $ per participant
- Low cost9.8 / 2539th 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-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 39th |
| Employee saving | 37th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($151,031 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Amports put in about $1,356 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $791,874 |
| Participant (employee) contributions | $1,362,927 |
| Other contributions (incl. rollovers in) | $68,001 |
| Administrative expenses paid from the plan | $79,096 |
| Investment advisory & management fees | $43,014 |
| Benefits paid out | $2,832,716 |
| Net assets, start / end of year | $24.3M / $26.4M |
| Active participants, start / end of year | 589 / 579 |
| Participants with account balances | 487 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pivot Cpas |
Largest service providers (Schedule C)
| Gallagher Benefit Services | $39,624 reported compensation |
| Adp, Inc. | $39,470 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015171911NAL0002695203001, received 2025-10-15, EIN 52-1972572, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.