Averitt Express, Inc. 401(k) Review & Grade
Averitt Express, Inc. Profit Sharing and 401(k) Plan
Cookeville, TNTransportation & Warehousing8,417 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,930Employer $ per active participant
$6,106Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$775.2MNet plan assets, end of year
$59,952Average balance per account
Score breakdown
- Employer generosity40.6 / 5081th percentile for employer $ per participant
- Low cost11.7 / 2547th percentile for low admin cost vs. same-size plans
- Employee saving10.7 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 47th |
| Employee saving | 71th |
| Peers that auto-enroll | 46% |
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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
- Averitt Express put in about $4,930 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.
- 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 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 | $41,499,997 |
| Participant (employee) contributions | $51,392,845 |
| Other contributions (incl. rollovers in) | $3,133,168 |
| Administrative expenses paid from the plan | $982,726 |
| Contract administrator fees | $762,022 |
| Investment advisory & management fees | $750 |
| Other admin expenses | $219,954 |
| Benefits paid out | $94,040,686 |
| Net assets, start / end of year | $693.0M / $775.2M |
| Active participants, start / end of year | 8,647 / 8,187 |
| Participants with account balances | 12,931 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Carr, Riggs & Ingram, LLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $762,022 reported compensation |
| World Investment Advisors, LLC | $220,785 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013145704NAL0001567697001, received 2025-10-13, EIN 62-0755421, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.