Direct Chassislink, Inc. 401(k) Review & Grade
Direct Chassislink, Inc. 401(k) Savings Plan
Charlotte, NCTransportation & Warehousing752 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,828Employer $ per active participant
$4,594Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$44.2MNet plan assets, end of year
$76,146Average balance per account
Score breakdown
- Employer generosity41.7 / 5083th percentile for employer $ per participant
- Low cost23.2 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 83th |
| Lower admin cost | 93th |
| Employee saving | 70th |
| 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
- Direct Chassislink put in about $2,828 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $2,126,540 |
| Participant (employee) contributions | $3,454,738 |
| Other contributions (incl. rollovers in) | $342,490 |
| Administrative expenses paid from the plan | $12,484 |
| Benefits paid out | $4,719,921 |
| Net assets, start / end of year | $37.5M / $44.2M |
| Active participants, start / end of year | 715 / 789 |
| Participants with account balances | 581 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Greerwalker LLP |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $12,484 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013094426NAL0000453539001, received 2025-10-13, EIN 13-2793490, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.