Neovia Logistics Distribution, LP 401(k) Review & Grade
Neovia Logistics 401(k) Plan
Dallas, TXTransportation & Warehousing2,386 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,501Employer $ per active participant
$2,813Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$107.1MNet plan assets, end of year
$48,628Average balance per account
Score breakdown
- Employer generosity30.9 / 5062th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving6.9 / 1546th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 52th |
| Employee saving | 46th |
| 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
- Neovia Logistics Distribution, LP put in about $1,501 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.
- 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.
- 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 | $3,583,122 |
| Participant (employee) contributions | $6,712,482 |
| Other contributions (incl. rollovers in) | $961,211 |
| Administrative expenses paid from the plan | $222,201 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $30,061 |
| Benefits paid out | $19,410,632 |
| Net assets, start / end of year | $101.5M / $107.1M |
| Active participants, start / end of year | 2,334 / 2,439 |
| Participants with account balances | 2,202 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $192,360 reported compensation |
| Strategic Advisors, Inc. | $30,061 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009090949NAL0010622176001, received 2025-10-09, EIN 80-0610333, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.