Storer Transportation Service, Inc. 401(k) Review & Grade
Storer Transportation Service, Inc. Profit Sharing 401(k) Plan
Modesto, CATransportation & Warehousing851 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$601Employer $ per active participant
$2,016Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$20.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.6 / 5031th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 78th |
| Employee saving | 30th |
| Peers that auto-enroll | 37% |
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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
- Storer Transportation Service put in about $601 per active participant, below the typical peer ($1,070). 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 | $511,432 |
| Participant (employee) contributions | $1,715,556 |
| Other contributions (incl. rollovers in) | $148,865 |
| Administrative expenses paid from the plan | $15,990 |
| Contract administrator fees | $15,990 |
| Benefits paid out | $1,282,747 |
| Net assets, start / end of year | $17.4M / $20.8M |
| Active participants, start / end of year | 904 / 798 |
| Participants with account balances | 425 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Atherton & Associates, LLP |
Largest service providers (Schedule C)
| July Business Services LLC | $15,990 reported compensation |
| Cerity Partners Retirement Plan Adv | $0 reported compensation |
| Charles Schwab Bank | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930094520NAL0029017554001, received 2025-09-30, EIN 94-2147709, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.