Gxo Enterprise Services, LLC 401(k) Review & Grade
Gxo Logistics 401(k) Plan
Greenwich, CTTransportation & Warehousing21,203 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,031Employer $ per active participant
$2,275Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$438.3MNet plan assets, end of year
$36,219Average balance per account
Score breakdown
- Employer generosity20.0 / 5040th percentile for employer $ per participant
- Low cost3.4 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 13th |
| Employee saving | 31th |
| Peers that auto-enroll | 30% |
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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
- Gxo Enterprise Services put in about $1,031 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 (0.24% 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.
- 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 | $21,853,269 |
| Participant (employee) contributions | $48,240,976 |
| Other contributions (incl. rollovers in) | $19,585,221 |
| Administrative expenses paid from the plan | $947,240 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $19,383 |
| Other admin expenses | $52,500 |
| Benefits paid out | $52,796,393 |
| Net assets, start / end of year | $351.6M / $438.3M |
| Active participants, start / end of year | 20,510 / 21,896 |
| Participants with account balances | 12,100 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KBF Cpas LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $846,157 reported compensation |
| Mma Securities LLC | $52,500 reported compensation |
| KBF Cpas LLP | $28,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924141119NAL0007654417001, received 2025-09-24, EIN 86-2098312, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.