Geodis Logistics, LLC 401(k) Review & Grade
Geodis USA Retirement Plan
Brentwood, TNTransportation & Warehousing15,022 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$646Employer $ per active participant
$2,147Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$341.3MNet plan assets, end of year
$20,631Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 9th |
| Employee saving | 27th |
| Peers that auto-enroll | 30% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($38,537 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $8,752 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Geodis Logistics put in about $646 per active participant, below the typical peer ($1,415). 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 (0.31% of assets) are well above similar-size plans (0.09%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $9,711,250 |
| Participant (employee) contributions | $32,258,346 |
| Other contributions (incl. rollovers in) | $2,191,399 |
| Administrative expenses paid from the plan | $988,775 |
| Investment advisory & management fees | $104,460 |
| Other admin expenses | $62,623 |
| Benefits paid out | $43,683,934 |
| Net assets, start / end of year | $302.5M / $341.3M |
| Active participants, start / end of year | 15,943 / 14,100 |
| Participants with account balances | 16,543 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc PC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $802,692 reported compensation |
| Robert W. Baird & Co. Incorporated | $100,000 reported compensation |
| Lbmc PC | $19,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134025NAL0006272176001, received 2025-10-15, EIN 62-1628798, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.