North American Van Lines, Inc. 401(k) Review & Grade
Sirva Employee Savings Plan and Trust - 401(k) Plan
Oakbrook Terrace, ILTransportation & Warehousing1,423 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,946Employer $ per active participant
$5,542Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$185.3MNet plan assets, end of year
$114,324Average balance per account
Score breakdown
- Employer generosity35.3 / 5071th percentile for employer $ per participant
- Low cost20.8 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 71th |
| Lower admin cost | 83th |
| Employee saving | 78th |
| Peers that auto-enroll | 37% |
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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
- North American Van Lines put in about $1,946 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.
- 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 | $2,769,490 |
| Participant (employee) contributions | $7,886,699 |
| Other contributions (incl. rollovers in) | $837,897 |
| Administrative expenses paid from the plan | $114,253 |
| Investment advisory & management fees | $34,520 |
| Benefits paid out | $20,347,739 |
| Net assets, start / end of year | $174.6M / $185.3M |
| Active participants, start / end of year | 1,497 / 1,349 |
| Participants with account balances | 1,621 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $79,878 reported compensation |
| Strategic Advisors, Inc. | $34,520 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010124708NAL0004617123001, received 2025-10-10, EIN 52-1840893, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.