Bennett Motor Express Management, Inc. 401(k) Review & Grade
Bennett Motor Express Management, Inc. 401(k) Plan
Mcdonough, GATransportation & Warehousing1,162 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$369Employer $ per active participant
$2,849Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$38.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.1 / 5018th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 29th |
| Employee saving | 47th |
| 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
- Bennett Motor Express Management put in about $369 per active participant, below the typical peer ($1,070). 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 (0.42% 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.
- 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 | $428,560 |
| Participant (employee) contributions | $3,309,979 |
| Other contributions (incl. rollovers in) | $838,559 |
| Administrative expenses paid from the plan | $156,744 |
| Contract administrator fees | $156,744 |
| Benefits paid out | $6,554,319 |
| Net assets, start / end of year | $35.9M / $38.2M |
| Active participants, start / end of year | 1,198 / 1,126 |
| Participants with account balances | 568 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Moore Colson & Comapny, P.C. |
Largest service providers (Schedule C)
| Prinicpal Life Insurance Company | $157,176 reported compensation |
| Cambridge Investment Research Advis | $78,759 reported compensation |
| Pension Financial Services, Inc. | $18,907 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911201244NAL0000422483001, received 2025-09-11, EIN 58-1751514, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.