Loomis Armored US, LLC 401(k) Review & Grade
Loomis 401(k) Pre-Tax Savings Plan
Houston, TXTransportation & Warehousing10,379 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$508Employer $ per active participant
$2,715Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$258.4MNet plan assets, end of year
$21,003Average balance per account
Score breakdown
- Employer generosity11.1 / 5022th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 21th |
| Employee saving | 38th |
| Peers that auto-enroll | 30% |
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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
- Loomis Armored US put in about $508 per active participant, below the typical peer ($1,415). 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 (0.18% of assets) are well above similar-size plans (0.09%). 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 | $5,275,168 |
| Participant (employee) contributions | $28,180,529 |
| Other contributions (incl. rollovers in) | $450,756 |
| Administrative expenses paid from the plan | $433,213 |
| Investment advisory & management fees | $171,705 |
| Benefits paid out | $35,476,947 |
| Net assets, start / end of year | $232.6M / $258.4M |
| Active participants, start / end of year | 10,500 / 10,258 |
| Participants with account balances | 12,301 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $240,133 reported compensation |
| Mercer Investments LLC | $171,705 reported compensation |
| Doeren Mayhew Assurance | $21,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008084237NAL0009398416001, received 2025-10-08, EIN 75-0117200, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.