Online Transport, Inc. 401(k) Review & Grade
Online Transport, Inc. 401(k) Plan
Greenfield, INTransportation & Warehousing614 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$407Employer $ per active participant
$1,291Employee $ saved per active participant
0.68%Direct admin cost, % of plan assets
$7.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.0 / 5020th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score6 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 14th |
| Employee saving | 17th |
| Peers that auto-enroll | 37% |
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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 ($70,563 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $46,563 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Online Transport put in about $407 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 (0.68% 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 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 | $250,157 |
| Participant (employee) contributions | $793,495 |
| Other contributions (incl. rollovers in) | $80,318 |
| Administrative expenses paid from the plan | $46,492 |
| Investment advisory & management fees | $2,346 |
| Other admin expenses | $15,750 |
| Benefits paid out | $560,481 |
| Net assets, start / end of year | $6.2M / $7.6M |
| Active participants, start / end of year | 629 / 600 |
| Participants with account balances | 248 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz Sapper & Miller, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $28,646 reported compensation |
| Online Transport Inc | $15,750 reported compensation |
| Empower Advisory Group, LLC | $2,346 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923093013NAL0007792387001, received 2025-09-23, EIN 35-2092902, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.