Eastern Lift Truck Co., Inc. 401(k) Review & Grade
Eastern Lift Truck Co., Inc. 401(k) Retirement Plan
Maple Shade, NJWholesale Trade1,196 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$881Employer $ per active participant
$5,458Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$70.6MNet plan assets, end of year
$52,490Average balance per account
Score breakdown
- Employer generosity9.7 / 5019th percentile for employer $ per participant
- Low cost21.9 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 88th |
| Employee saving | 62th |
| Peers that auto-enroll | 53% |
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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
- Eastern Lift Truck Co. put in about $881 per active participant, below the typical peer ($1,792). 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 | $1,052,808 |
| Participant (employee) contributions | $6,525,425 |
| Other contributions (incl. rollovers in) | $263,600 |
| Administrative expenses paid from the plan | $32,125 |
| Benefits paid out | $5,951,038 |
| Net assets, start / end of year | $60.9M / $70.6M |
| Active participants, start / end of year | 1,178 / 1,213 |
| Participants with account balances | 1,345 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $32,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008143110NAL0003360867001, received 2025-10-08, EIN 22-1949798, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.