DP World CL Holding Americas Inc. 401(k) Review & Grade
Syncreon Employees 401(k) Plan
Auburn Hills, MITransportation & Warehousing3,164 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,091Employer $ per active participant
$2,032Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$80.4MNet plan assets, end of year
$45,438Average balance per account
Score breakdown
- Employer generosity16.4 / 5033th percentile for employer $ per participant
- Low cost7.6 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving3.2 / 1521th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 31th |
| Employee saving | 21th |
| Peers that auto-enroll | 46% |
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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
- DP World CL Holding Americas put in about $1,091 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 (0.22% 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.
- 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 | $3,450,470 |
| Participant (employee) contributions | $6,428,489 |
| Other contributions (incl. rollovers in) | $652,132 |
| Administrative expenses paid from the plan | $170,776 |
| Contract administrator fees | $23,166 |
| Investment advisory & management fees | $2,749 |
| Other admin expenses | $6,850 |
| Benefits paid out | $11,335,749 |
| Net assets, start / end of year | $71.8M / $80.4M |
| Active participants, start / end of year | 3,139 / 3,189 |
| Participants with account balances | 1,769 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $142,427 reported compensation |
| Gallagher Benefit Services Inc DBA | $25,000 reported compensation |
| Advised Assets Group, LLC | $2,749 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120815NAL0006024944001, received 2025-10-15, EIN 64-0962082, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.