Daseke Companies, Inc. 401(k) Review & Grade
Daseke, Inc. 401(k) Retirement Plan
Addison, TXTransportation & Warehousing3,794 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,229Employer $ per active participant
$2,476Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$115.2MNet plan assets, end of year
$52,424Average balance per account
Score breakdown
- Employer generosity17.6 / 5035th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score18 / 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 | 35th |
| Lower admin cost | 27th |
| Employee saving | 26th |
| Peers that auto-enroll | 46% |
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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 ($2,745,524 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $1,677 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Daseke Companies put in about $1,229 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 (0.26% 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 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 | $4,662,708 |
| Participant (employee) contributions | $9,393,776 |
| Other contributions (incl. rollovers in) | $510,692 |
| Administrative expenses paid from the plan | $288,317 |
| Contract administrator fees | $300 |
| Other admin expenses | $113,613 |
| Benefits paid out | $20,994,471 |
| Net assets, start / end of year | $108.1M / $115.2M |
| Active participants, start / end of year | 2,837 / 4,752 |
| Participants with account balances | 2,197 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $130,704 reported compensation |
| Next Financial Group, Inc. | $113,613 reported compensation |
| Grant Thornton LLP | $44,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260806152212NAL0003101203001, received 2026-08-06, EIN 26-3742850, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.