Logistics Plus, Inc. 401(k) Review & Grade
Logistics Plus 401(k) Profit Sharing Plan
Erie, PATransportation & Warehousing510 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,457Employer $ per active participant
$4,826Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$19.3MNet plan assets, end of year
$36,980Average balance per account
Score breakdown
- Employer generosity39.1 / 5078th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 12th |
| Employee saving | 72th |
| Peers that auto-enroll | 37% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Logistics Plus put in about $2,457 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.
- Direct plan expenses (0.74% 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.
- 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 | $1,254,213 |
| Participant (employee) contributions | $2,463,480 |
| Other contributions (incl. rollovers in) | $135,479 |
| Administrative expenses paid from the plan | $124,538 |
| Contract administrator fees | $124,538 |
| Benefits paid out | $794,678 |
| Net assets, start / end of year | $14.3M / $19.3M |
| Active participants, start / end of year | 530 / 491 |
| Participants with account balances | 521 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Chiampou Travisbesaw & Kershner |
Largest service providers (Schedule C)
| Merrill Lynch Life Agency, Inc. | $51,362 reported compensation |
| John Hancock Life Insurance Company | $2,650 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104338NAL0002161843001, received 2025-10-15, EIN 16-1570188, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.