Decker Truck Line, Inc. 401(k) Review & Grade
Decker Truck Line, Inc. 401(k) Savings Plan
Fort Dodge, IATransportation & Warehousing797 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$964Employer $ per active participant
$3,262Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$30.1MNet plan assets, end of year
$35,331Average balance per account
Score breakdown
- Employer generosity23.4 / 5047th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 40th |
| Employee saving | 54th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,094 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Decker Truck Line put in about $964 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.
- 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 | $768,413 |
| Participant (employee) contributions | $2,599,713 |
| Other contributions (incl. rollovers in) | $160,805 |
| Administrative expenses paid from the plan | $86,125 |
| Contract administrator fees | $86,125 |
| Benefits paid out | $4,033,590 |
| Net assets, start / end of year | $27.1M / $30.1M |
| Active participants, start / end of year | 833 / 761 |
| Participants with account balances | 853 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Trustpoint, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $86,125 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001160023NAL0021255682001, received 2025-10-01, EIN 42-0860957, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.