Anderson Trucking Service, Inc. 401(k) Review & Grade
Anderson Trucking Service, Inc. Profit Sharing and 401(k) Plan
ST. Cloud, MNTransportation & Warehousing1,401 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,409Employer $ per active participant
$4,099Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$96.9MNet plan assets, end of year
$46,185Average balance per account
Score breakdown
- Employer generosity29.8 / 5060th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving9.6 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 35th |
| Employee saving | 64th |
| 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
- Anderson Trucking Service put in about $1,409 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 (0.35% 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.
- 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 | $1,974,598 |
| Participant (employee) contributions | $5,742,992 |
| Other contributions (incl. rollovers in) | $186,046 |
| Administrative expenses paid from the plan | $322,027 |
| Investment advisory & management fees | $18,000 |
| Benefits paid out | $7,218,080 |
| Net assets, start / end of year | $86.3M / $96.9M |
| Active participants, start / end of year | 1,357 / 1,445 |
| Participants with account balances | 2,098 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton |
Largest service providers (Schedule C)
| Milliman Inc. | $283,787 reported compensation |
| Grant Thornton LLP | $20,240 reported compensation |
| Hays Companies | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731165636NAL0011052770001, received 2025-07-31, EIN 41-0750435, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.