Saia Motor Freight Line, LLC 401(k) Review & Grade
Saia Motor Freight Line, LLC 401(k) Plan
Johns Creek, GATransportation & Warehousing13,874 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,407Employer $ per active participant
$4,210Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$669.8MNet plan assets, end of year
$67,514Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 59th |
| Employee saving | 56th |
| Peers that auto-enroll | 30% |
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Red flags from the filing
Corrective distributions: the plan refunded $80,200 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Saia Motor Freight Line put in about $1,407 per active participant, below the typical peer ($1,415). 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.
- 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 | $19,516,252 |
| Participant (employee) contributions | $58,407,848 |
| Other contributions (incl. rollovers in) | $10,480,803 |
| Administrative expenses paid from the plan | $426,292 |
| Contract administrator fees | $6,000 |
| Investment advisory & management fees | $221,502 |
| Other admin expenses | $80,000 |
| Benefits paid out | $68,431,136 |
| Net assets, start / end of year | $562.4M / $669.8M |
| Active participants, start / end of year | 12,419 / 15,329 |
| Participants with account balances | 9,921 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly, US, LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $221,502 reported compensation |
| Fidelity Investments Institutional | $86,690 reported compensation |
| Northwestern Mutual | $80,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822164139NAL0002672947001, received 2025-08-22, EIN 72-0524060, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.