Target Logistics Management LLC 401(k) Review & Grade
Target Logistics Management, LLC 401(k) Plan
Woodlands, TXAccommodation & Food Services1,871 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$584Employer $ per active participant
$995Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$15.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 16th |
| Employee saving | 60th |
| Peers that auto-enroll | 17% |
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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 ($612,803 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $16,838 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Target Logistics Management put in about $584 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (0.63% 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.
- 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 | $1,092,641 |
| Participant (employee) contributions | $1,862,321 |
| Other contributions (incl. rollovers in) | $145,028 |
| Administrative expenses paid from the plan | $97,920 |
| Investment advisory & management fees | $60,663 |
| Benefits paid out | $4,473,623 |
| Net assets, start / end of year | $15.3M / $15.8M |
| Active participants, start / end of year | 2,984 / 758 |
| Participants with account balances | 803 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver & Tidwell, LLP |
Largest service providers (Schedule C)
| CWM LLC | $53,527 reported compensation |
| Fidelity Investments Institutional | $37,257 reported compensation |
| Strategic Advisors, Inc. | $7,136 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014115429NAL0002818609001, received 2025-10-14, EIN 20-5528278, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.