Tforce Freight, Inc 401(k) Review & Grade
Teamsters Tforce Freight 401(k) Plan
Henrico, VATransportation & Warehousing6,536 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$4,874Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$164.4MNet plan assets, end of year
$24,838Average balance per account
Score breakdown
- Employer generosity0.0 / 500th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 0th |
| Lower admin cost | 14th |
| Employee saving | 57th |
| Peers that auto-enroll | 46% |
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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 ($1,240,591 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Tforce Freight put in about $0 per active participant, below the typical peer ($1,834). 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 (0.47% of assets) are well above similar-size plans (0.12%). 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 | $1,822 |
| Participant (employee) contributions | $31,857,404 |
| Other contributions (incl. rollovers in) | $2,110,949 |
| Administrative expenses paid from the plan | $691,649 |
| Contract administrator fees | $86,420 |
| Investment advisory & management fees | $57,859 |
| Other admin expenses | $282,927 |
| Benefits paid out | $15,363,252 |
| Net assets, start / end of year | $131.1M / $164.4M |
| Active participants, start / end of year | 6,513 / 6,559 |
| Participants with account balances | 6,618 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $350,863 reported compensation |
| Marsh & Mclennan Companies Inc | $52,500 reported compensation |
| Cliftonlarsonallen LLP | $23,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731121820NAL0006033105001, received 2025-07-31, EIN 54-0481236, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.