Honda Logistics North America, Inc. 401(k) Review & Grade
Honda Logistics North America, Inc. Retirement Savings Plan
East Liberty, OHTransportation & Warehousing3,284 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,362Employer $ per active participant
$2,045Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$78.2MNet plan assets, end of year
$22,220Average balance per account
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost6.9 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 27th |
| Employee saving | 22th |
| Peers that auto-enroll | 46% |
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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
- Honda Logistics North America put in about $1,362 per active participant, below the typical peer ($1,834). 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 (0.25% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $4,474,015 |
| Participant (employee) contributions | $6,715,841 |
| Other contributions (incl. rollovers in) | $1,248,779 |
| Administrative expenses paid from the plan | $183,343 |
| Benefits paid out | $8,105,455 |
| Net assets, start / end of year | $65.7M / $78.2M |
| Active participants, start / end of year | 3,003 / 3,565 |
| Participants with account balances | 3,521 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hill Barth & King LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $183,343 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013140249NAL0000688451001, received 2025-10-13, EIN 46-4014349, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.