Dean Transportation, Inc. 401(k) Review & Grade
Dean Transportation, Inc. 401(k) Plan
Lansing, MITransportation & Warehousing1,526 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$241Employer $ per active participant
$833Employee $ saved per active participant
0.90%Direct admin cost, % of plan assets
$11.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.9 / 5012th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 8th |
| Employee saving | 11th |
| Peers that auto-enroll | 37% |
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
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Dean Transportation put in about $241 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 (0.90% 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 | $367,233 |
| Participant (employee) contributions | $1,270,869 |
| Other contributions (incl. rollovers in) | $84,460 |
| Administrative expenses paid from the plan | $105,887 |
| Investment advisory & management fees | $66,092 |
| Benefits paid out | $2,621,259 |
| Net assets, start / end of year | $11.7M / $11.9M |
| Active participants, start / end of year | 1,521 / 1,531 |
| Participants with account balances | 520 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $48,242 reported compensation |
| Empower Annuity Insurance Company O | $39,795 reported compensation |
| Fifth Third Bank | $17,850 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008074629NAL0008963808001, received 2025-10-08, EIN 38-2502021, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.