Educational Bus Transportation, 401(k) Review & Grade
Educational Bus Transportation, Inc. 401(k) Plan
Spring Valley, NYTransportation & Warehousing1,484 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$234Employer $ per active participant
$1,309Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$13.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost15.1 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1518th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 60th |
| Employee saving | 18th |
| 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
- Educational Bus Transportation, put in about $234 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.
- 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 | $346,642 |
| Participant (employee) contributions | $1,942,852 |
| Other contributions (incl. rollovers in) | $151,651 |
| Administrative expenses paid from the plan | $21,305 |
| Investment advisory & management fees | $7,500 |
| Benefits paid out | $1,735,917 |
| Net assets, start / end of year | $12.0M / $13.9M |
| Active participants, start / end of year | 1,467 / 1,502 |
| Participants with account balances | 524 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PKF O'connor Davies LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $13,805 reported compensation |
| Oconnor Davies, | $7,500 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251124083059NAL0001717841001, received 2025-11-24, EIN 11-1976948, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.