Schneider National, Inc. 401(k) Review & Grade
Schneider National, Inc. 401(k) Savings and Retirement Plan
Green Bay, WITransportation & Warehousing15,895 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,424Employer $ per active participant
$2,885Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$893.4MNet plan assets, end of year
$78,670Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 10,000+ active participants (46 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 46th |
| Employee saving | 40th |
| Peers that auto-enroll | 30% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,005 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Schneider National put in about $1,424 per active participant, more than the typical peer ($1,415). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $22,638,366 |
| Participant (employee) contributions | $45,861,167 |
| Other contributions (incl. rollovers in) | $5,976,463 |
| Administrative expenses paid from the plan | $813,446 |
| Contract administrator fees | $813,446 |
| Benefits paid out | $106,786,979 |
| Net assets, start / end of year | $824.1M / $893.4M |
| Active participants, start / end of year | 15,982 / 15,808 |
| Participants with account balances | 11,356 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $618,594 reported compensation |
| Capfinancial Partners, LLC | $114,500 reported compensation |
| Advisors Management Group Inc | $44,061 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926161712NAL0014041330001, received 2025-09-26, EIN 39-1258315, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.