Heartland Express, Inc. of Iowa 401(k) Review & Grade
Heartland Express, Inc. of Iowa 401(k) Plan
North Liberty, IATransportation & Warehousing2,116 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$325Employer $ per active participant
$1,792Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$102.6MNet plan assets, end of year
$73,439Average balance per account
Score breakdown
- Employer generosity7.8 / 5016th percentile for employer $ per participant
- Low cost17.6 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 70th |
| Employee saving | 28th |
| 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
- Heartland Express, Inc. of Iowa put in about $325 per active participant, below the typical peer ($1,070). 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.
- 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.
- 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 | $686,673 |
| Participant (employee) contributions | $3,791,115 |
| Other contributions (incl. rollovers in) | $67,407 |
| Administrative expenses paid from the plan | $117,567 |
| Investment advisory & management fees | $130,391 |
| Benefits paid out | $14,538,597 |
| Net assets, start / end of year | $100.6M / $102.6M |
| Active participants, start / end of year | 2,059 / 2,173 |
| Participants with account balances | 1,397 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $76,155 reported compensation |
| Captrust | $54,368 reported compensation |
| Fidelity Investments Institutional | −$12,824 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013185048NAL0003887010001, received 2025-10-13, EIN 42-0758403, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.