Schenker, Inc 401(k) Review & Grade
Schenker, Inc. 401(k) Savings and Investment Plan
Chesapeake, VATransportation & Warehousing9,256 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,355Employer $ per active participant
$3,445Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$464.9MNet plan assets, end of year
$40,716Average balance per account
Score breakdown
- Employer generosity19.7 / 5039th percentile for employer $ per participant
- Low cost7.8 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score31 / 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 | 39th |
| Lower admin cost | 31th |
| Employee saving | 40th |
| 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 ($9,118 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $7,877 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schenker put in about $1,355 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 (0.22% 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.
- 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 | $12,544,106 |
| Participant (employee) contributions | $31,883,206 |
| Other contributions (incl. rollovers in) | $2,202,232 |
| Administrative expenses paid from the plan | $1,005,374 |
| Investment advisory & management fees | $217,286 |
| Benefits paid out | $77,919,942 |
| Net assets, start / end of year | $444.3M / $464.9M |
| Active participants, start / end of year | 9,842 / 8,670 |
| Participants with account balances | 11,418 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $788,088 reported compensation |
| Lockton Investment Advisors LLC | $93,000 reported compensation |
| Prudential Trust Co. | $83,839 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007113924NAL0007828000001, received 2025-10-07, EIN 13-5619239, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.