Greyhound Lines, Inc. 401(k) Review & Grade
Greyhound Lines, Inc. Retirement Savings Plan
Dallas, TXTransportation & Warehousing684 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,470Employer $ per active participant
$4,777Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$53.2MNet plan assets, end of year
$73,880Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost13.8 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 55th |
| Employee saving | 72th |
| Peers that auto-enroll | 37% |
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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 ($7,496 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Greyhound Lines put in about $1,470 per active participant, more than the typical peer ($1,070). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $1,004,840 |
| Participant (employee) contributions | $3,264,936 |
| Other contributions (incl. rollovers in) | $7,736 |
| Administrative expenses paid from the plan | $105,887 |
| Contract administrator fees | $69,762 |
| Investment advisory & management fees | $15,125 |
| Benefits paid out | $12,350,379 |
| Net assets, start / end of year | $55.4M / $53.2M |
| Active participants, start / end of year | 744 / 623 |
| Participants with account balances | 720 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $74,966 reported compensation |
| Plante & Moran, PLLC | $21,000 reported compensation |
| Capfinancial Partners,ll | $15,125 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821132603NAL0007406080001, received 2025-08-21, EIN 86-0572343, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.