Daimler Truck North America LLC 401(k) Review & Grade
Daimler Truck North America, LLC Uaw Retirement Savings Plan
Portland, ORManufacturing7,198 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,090Employer $ per active participant
$4,297Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$537.1MNet plan assets, end of year
$68,407Average balance per account
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 61th |
| Employee saving | 28th |
| Peers that auto-enroll | 70% |
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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 ($58,502 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
- Daimler Truck North America put in about $2,090 per active participant, below the typical peer ($3,452). 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.
- 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 | $15,040,626 |
| Participant (employee) contributions | $30,931,370 |
| Other contributions (incl. rollovers in) | $199,795 |
| Administrative expenses paid from the plan | $458,160 |
| Benefits paid out | $69,230,195 |
| Net assets, start / end of year | $500.3M / $537.1M |
| Active participants, start / end of year | 7,213 / 7,183 |
| Participants with account balances | 7,851 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Voya | $458,160 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014203226NAL0007374642004, received 2025-10-14, EIN 93-0790608, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.