Suffolk Transportation Services, Inc 401(k) Review & Grade
T. W. U. - S. T. S. 401(k) Retirement Plan
Bayshore, NYTransportation & Warehousing2,929 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,926Employer $ per active participant
$2,255Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$108.9MNet plan assets, end of year
$34,027Average balance per account
Score breakdown
- Employer generosity25.8 / 5052th percentile for employer $ per participant
- Low cost19.4 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 77th |
| Employee saving | 23th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,447 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Suffolk Transportation Services put in about $1,926 per active participant, more than the typical peer ($1,834). 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 | $5,641,990 |
| Participant (employee) contributions | $6,604,476 |
| Other contributions (incl. rollovers in) | $195,203 |
| Administrative expenses paid from the plan | $53,971 |
| Investment advisory & management fees | $3,490 |
| Benefits paid out | $9,845,129 |
| Net assets, start / end of year | $97.9M / $108.9M |
| Active participants, start / end of year | 2,851 / 3,007 |
| Participants with account balances | 3,201 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sacklow & Acox, Cpas, LLC |
Largest service providers (Schedule C)
| Morgan Stanley & Co Inc | $68,403 reported compensation |
| Empower Annuity Insurance Company O | $45,481 reported compensation |
| Morgan Stanley Insurance Services I | $28,262 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010092532NAL0004103075001, received 2025-10-10, EIN 11-1782554, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.