Its Logistics, LLC 401(k) Review & Grade
Its Logistics, LLC Employee Savings Trust
Sparks, NVTransportation & Warehousing696 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,155Employer $ per active participant
$4,343Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$24.0MNet plan assets, end of year
$52,606Average balance per account
Score breakdown
- Employer generosity37.1 / 5074th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1567th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 40th |
| Employee saving | 67th |
| 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 ($64,562 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
- Its Logistics put in about $2,155 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 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 | $1,499,144 |
| Participant (employee) contributions | $3,020,795 |
| Other contributions (incl. rollovers in) | $495,247 |
| Administrative expenses paid from the plan | $66,499 |
| Benefits paid out | $2,994,853 |
| Net assets, start / end of year | $19.3M / $24.0M |
| Active participants, start / end of year | 700 / 691 |
| Participants with account balances | 457 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holbrook & Manter, Inc. |
Largest service providers (Schedule C)
| July Business Services, LLC | $66,499 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003182713NAL0001659841001, received 2025-10-03, EIN 47-2862009, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.