Annett Holdings Inc 401(k) Review & Grade
Annett Holdings, Inc. Employee Savings and Profit Sharing Plan
Des Moines, IATransportation & Warehousing4,336 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$160Employer $ per active participant
$3,004Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$99.9MNet plan assets, end of year
$23,337Average balance per account
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost5.6 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 22th |
| Employee saving | 35th |
| Peers that auto-enroll | 46% |
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
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $567 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Annett Holdings put in about $160 per active participant, below the typical peer ($1,834). 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 (0.31% 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 | $692,088 |
| Participant (employee) contributions | $13,023,457 |
| Other contributions (incl. rollovers in) | $6,043,463 |
| Administrative expenses paid from the plan | $278,478 |
| Benefits paid out | $12,912,255 |
| Net assets, start / end of year | $81.8M / $99.9M |
| Active participants, start / end of year | 3,664 / 5,008 |
| Participants with account balances | 4,279 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mhcs, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $278,478 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010115659NAL0012516880001, received 2025-10-10, EIN 42-1292482, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.