Saddle Creek Corporation DBA Saddle Creek Logistics 401(k) Review & Grade
Saddle Creek Corporation Retirement Savings Plan
Lakeland, FLTransportation & Warehousing4,786 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,377Employer $ per active participant
$3,147Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$155.5MNet plan assets, end of year
$26,817Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving5.7 / 1538th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 17th |
| Employee saving | 38th |
| Peers that auto-enroll | 46% |
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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
- Saddle Creek Corporation DBA Saddle Creek Logistics put in about $1,377 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 (0.38% 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 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 | $6,588,361 |
| Participant (employee) contributions | $15,060,431 |
| Other contributions (incl. rollovers in) | $863,909 |
| Administrative expenses paid from the plan | $548,004 |
| Investment advisory & management fees | $56,566 |
| Other admin expenses | $25,764 |
| Benefits paid out | $17,056,519 |
| Net assets, start / end of year | $133.3M / $155.5M |
| Active participants, start / end of year | 5,004 / 4,568 |
| Participants with account balances | 5,800 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Rehmann Robson LLC. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $465,674 reported compensation |
| PNC Bank NA | $56,250 reported compensation |
| Onedigital Investment Advisors LLC | $12,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903075251NAL0015175633001, received 2025-09-03, EIN 59-1166474, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.