Eagle Transport Corporation 401(k) Review & Grade
Eagle Transport Corporation 401(k) Plan
Rocky Mount, NCTransportation & Warehousing908 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$682Employer $ per active participant
$2,326Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$25.8MNet plan assets, end of year
$49,741Average balance per account
Score breakdown
- Employer generosity17.9 / 5036th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 30th |
| Employee saving | 37th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Eagle Transport put in about $682 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 (0.40% 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 | $619,146 |
| Participant (employee) contributions | $2,112,878 |
| Other contributions (incl. rollovers in) | $6,443 |
| Administrative expenses paid from the plan | $98,371 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $28,500 |
| Benefits paid out | $2,746,944 |
| Net assets, start / end of year | $23.0M / $25.8M |
| Active participants, start / end of year | 815 / 1,002 |
| Participants with account balances | 519 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bunch & Company |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $68,122 reported compensation |
| Kestra Investment Services LLC | $28,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010091504NAL0004095395001, received 2025-10-10, EIN 56-0816291, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.