Service Tire Truck Center, Inc. 401(k) Review & Grade
Sttc 401(k) Retirement Savings Plan
Bethlehem, PAManufacturing679 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,176Employer $ per active participant
$2,971Employee $ saved per active participant
0.38%Direct admin cost, % of plan assets
$36.6MNet plan assets, end of year
$43,801Average balance per account
Score breakdown
- Employer generosity10.9 / 5022th percentile for employer $ per participant
- Low cost8.1 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1522th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 33th |
| Employee saving | 22th |
| Peers that auto-enroll | 59% |
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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
- Service Tire Truck Center put in about $1,176 per active participant, below the typical peer ($2,320). 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 (0.23%). 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 | $798,533 |
| Participant (employee) contributions | $2,017,632 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $132,194 |
| Investment advisory & management fees | $42,026 |
| Other admin expenses | $18,425 |
| Benefits paid out | $4,157,259 |
| Net assets, start / end of year | $33.7M / $36.6M |
| Active participants, start / end of year | 681 / 677 |
| Participants with account balances | 835 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $101,988 reported compensation |
| Raymond James & Associates Inc | $35,893 reported compensation |
| Baker Tilly US LLP | $18,425 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916113331NAL0001820305001, received 2025-09-16, EIN 23-1689591, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.