Gardaworld Cash Services, Inc. 401(k) Review & Grade
Gardaworld Cash Services, Inc. 401(k) Savings and Retirement Plan
Boca Raton, FLTransportation & Warehousing5,188 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$380Employer $ per active participant
$2,942Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$109.6MNet plan assets, end of year
$19,288Average balance per account
Score breakdown
- Employer generosity5.7 / 5011th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 16th |
| Employee saving | 33th |
| 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
- Gardaworld Cash Services put in about $380 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 (0.41% 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.
- 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 | $1,973,911 |
| Participant (employee) contributions | $15,266,862 |
| Other contributions (incl. rollovers in) | $472,607 |
| Administrative expenses paid from the plan | $420,812 |
| Contract administrator fees | $362,918 |
| Investment advisory & management fees | $57,894 |
| Benefits paid out | $15,729,780 |
| Net assets, start / end of year | $96.9M / $109.6M |
| Active participants, start / end of year | 5,295 / 5,082 |
| Participants with account balances | 5,680 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lerrosarbey, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $362,918 reported compensation |
| Mma Securities LLC | $57,894 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014084550NAL0002431793001, received 2025-10-14, EIN 95-4556431, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.