Hansen & Adkins Auto Transport, Inc. 401(k) Review & Grade
Hansen & Adkins Auto Transport, Inc. 401(k) Profit Sharing Plan & Trust
Los Alamitos, CATransportation & Warehousing714 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,203Employer $ per active participant
$4,856Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$31.5MNet plan assets, end of year
$34,914Average balance per account
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 52th |
| Employee saving | 73th |
| 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
- Hansen & Adkins Auto Transport put in about $1,203 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.
- 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 | $858,086 |
| Participant (employee) contributions | $3,464,545 |
| Other contributions (incl. rollovers in) | $340,945 |
| Administrative expenses paid from the plan | $63,437 |
| Other admin expenses | $37 |
| Benefits paid out | $4,149,952 |
| Net assets, start / end of year | $27.6M / $31.5M |
| Active participants, start / end of year | 730 / 697 |
| Participants with account balances | 902 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Windes |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $63,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013173833NAL0000867731001, received 2025-10-13, EIN 95-4485461, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.