Odw Logistics, Inc. 401(k) Review & Grade
Odw Logistics, Inc. 401(k) Retirement Plan
Columbus, OHTransportation & Warehousing1,609 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,063Employer $ per active participant
$2,178Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$38.9MNet plan assets, end of year
$37,606Average balance per account
Score breakdown
- Employer generosity24.8 / 5050th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 27th |
| Employee saving | 33th |
| 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
- Odw Logistics put in about $1,063 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 (0.44% 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.
- 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 | $1,709,844 |
| Participant (employee) contributions | $3,504,245 |
| Other contributions (incl. rollovers in) | $733,711 |
| Administrative expenses paid from the plan | $139,577 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $44,718 |
| Benefits paid out | $3,103,905 |
| Net assets, start / end of year | $24.2M / $38.9M |
| Active participants, start / end of year | 1,446 / 1,772 |
| Participants with account balances | 1,035 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Schneider Downs & Company Inc |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $94,859 reported compensation |
| Everhart Financial Group Inc | $44,718 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014094810NAL0002542177001, received 2025-10-14, EIN 31-0807991, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.