Los Angeles Truck Centers, LLC 401(k) Review & Grade
Los Angeles Truck Centers, LLC 401(k) Plan
Whittier, CATransportation & Warehousing2,719 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,403Employer $ per active participant
$5,198Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$139.4MNet plan assets, end of year
$41,515Average balance per account
Score breakdown
- Employer generosity22.5 / 5045th percentile for employer $ per participant
- Low cost6.2 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score35 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 25th |
| Employee saving | 62th |
| Peers that auto-enroll | 46% |
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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 ($5,878,409 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $300 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Los Angeles Truck Centers put in about $1,403 per active participant, below the typical peer ($1,834). 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 (0.28% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $3,814,824 |
| Participant (employee) contributions | $14,133,051 |
| Other contributions (incl. rollovers in) | $929,117 |
| Administrative expenses paid from the plan | $362,964 |
| Investment advisory & management fees | $50,000 |
| Benefits paid out | $13,579,839 |
| Net assets, start / end of year | $117.5M / $139.4M |
| Active participants, start / end of year | 2,662 / 2,776 |
| Participants with account balances | 3,359 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $312,964 reported compensation |
| Sageview Advisory GRP LLC | $50,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015193417NAL0005739905001, received 2025-10-15, EIN 94-3303320, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.