Lily Transportation Corp. 401(k) Review & Grade
Lily Transportation Corp. 401(k) Profit Sharing Plan
Needham, MATransportation & Warehousing1,327 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$889Employer $ per active participant
$2,908Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$31.1MNet plan assets, end of year
$45,406Average balance per account
Score breakdown
- Employer generosity22.4 / 5045th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 48th |
| Employee saving | 47th |
| 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
- Lily Transportation put in about $889 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 | $1,180,082 |
| Participant (employee) contributions | $3,858,432 |
| Other contributions (incl. rollovers in) | $669,845 |
| Administrative expenses paid from the plan | $69,571 |
| Investment advisory & management fees | $63,553 |
| Benefits paid out | $4,409,733 |
| Net assets, start / end of year | $26.4M / $31.1M |
| Active participants, start / end of year | 1,317 / 1,337 |
| Participants with account balances | 686 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith & Brown, PC |
Largest service providers (Schedule C)
| Compass Advisory Group, LLC | $34,883 reported compensation |
| William Blair & Co. | $30,593 reported compensation |
| Fidelity Investments Institutional | $6,118 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082039NAL0002098291001, received 2025-10-15, EIN 04-2783881, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.