Megacorp Logistics, LLC 401(k) Review & Grade
Megacorp Logistics, LLC 401(k) Plan
Wilmington, NCTransportation & Warehousing688 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$623Employer $ per active participant
$6,556Employee $ saved per active participant
0.90%Direct admin cost, % of plan assets
$30.0MNet plan assets, end of year
$40,795Average balance per account
Score breakdown
- Employer generosity16.0 / 5032th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving12.6 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 8th |
| Employee saving | 84th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Megacorp Logistics put in about $623 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 (0.90% 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 | $428,158 |
| Participant (employee) contributions | $4,507,034 |
| Other contributions (incl. rollovers in) | $313,167 |
| Administrative expenses paid from the plan | $236,463 |
| Contract administrator fees | $236,463 |
| Benefits paid out | $1,399,540 |
| Net assets, start / end of year | $22.8M / $30.0M |
| Active participants, start / end of year | 681 / 694 |
| Participants with account balances | 736 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Earney & Company, L.L.P |
Largest service providers (Schedule C)
| Rockefeller Financial | $48,949 reported compensation |
| Ubs Financial Services | $30,672 reported compensation |
| Trinity Pension Group | $12,296 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812113802NAL0008125825001, received 2025-08-12, EIN 26-4398941, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.