PS Logistics, LLC 401(k) Review & Grade
PS Logistics 401(k) Plan
Birmingham, ALTransportation & Warehousing3,584 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$220Employer $ per active participant
$990Employee $ saved per active participant
0.66%Direct admin cost, % of plan assets
$20.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.1 / 508th percentile for employer $ per participant
- Low cost2.1 / 259th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score1 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 9th |
| Employee saving | 11th |
| Peers that auto-enroll | 46% |
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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 ($8,464 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- PS Logistics put in about $220 per active participant, below the typical peer ($1,834). 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 (0.66% of assets) are well above similar-size plans (0.12%). 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 | $788,642 |
| Participant (employee) contributions | $3,545,925 |
| Other contributions (incl. rollovers in) | $962,280 |
| Administrative expenses paid from the plan | $118,127 |
| Contract administrator fees | $67,353 |
| Investment advisory & management fees | $48,039 |
| Other admin expenses | $2,735 |
| Benefits paid out | $2,248,864 |
| Net assets, start / end of year | $15.3M / $20.5M |
| Active participants, start / end of year | 3,593 / 3,574 |
| Participants with account balances | 996 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Warren Averett, LLC |
Largest service providers (Schedule C)
| Voya Retirement Ins and Annuity | $67,353 reported compensation |
| Morgan Stanley | $48,039 reported compensation |
| Transition Finance Strategies | $11,219 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250612225403NAL0017417153001, received 2025-06-12, EIN 45-5124430, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.