Jack Cooper Investments, Inc. 401(k) Review & Grade
Jack Cooper 401(k) Plan
Voorhees, NJTransportation & Warehousing2,244 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$329Employer $ per active participant
$2,725Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$88.1MNet plan assets, end of year
$78,368Average balance per account
Score breakdown
- Employer generosity8.1 / 5016th percentile for employer $ per participant
- Low cost8.1 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
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 | 32th |
| Employee saving | 45th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,441 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jack Cooper Investments put in about $329 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.
- Direct plan expenses (0.38% of assets) are well above similar-size plans (0.23%). 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 | $738,265 |
| Participant (employee) contributions | $6,114,016 |
| Other contributions (incl. rollovers in) | $1,624,952 |
| Administrative expenses paid from the plan | $322,143 |
| Investment advisory & management fees | $125,373 |
| Benefits paid out | $13,846,536 |
| Net assets, start / end of year | $81.7M / $88.1M |
| Active participants, start / end of year | 2,228 / 2,259 |
| Participants with account balances | 1,124 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | See Attached Reasonable Cause |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $170,520 reported compensation |
| Ubs Financial Services | $125,373 reported compensation |
| Bergankdc LLC | $26,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250625103415NAL0018711650001, received 2025-06-25, EIN 84-2621882, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.