Total Quality Logistics, LLC 401(k) Review & Grade
Total Quality Logistics, LLC Retirement Plan
Cincinnati, OHTransportation & Warehousing8,384 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,165Employer $ per active participant
$3,456Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$280.1MNet plan assets, end of year
$52,237Average balance per account
Score breakdown
- Employer generosity16.8 / 5034th percentile for employer $ per participant
- Low cost9.9 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score23 / 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 | 34th |
| Lower admin cost | 40th |
| Employee saving | 41th |
| 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 ($4,327 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,350,669 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Total Quality Logistics put in about $1,165 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.
- 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.
- 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 | $9,765,783 |
| Participant (employee) contributions | $28,971,498 |
| Other contributions (incl. rollovers in) | $2,009,758 |
| Administrative expenses paid from the plan | $434,873 |
| Investment advisory & management fees | $51,917 |
| Benefits paid out | $20,545,659 |
| Net assets, start / end of year | $225.7M / $280.1M |
| Active participants, start / end of year | 8,389 / 8,378 |
| Participants with account balances | 5,362 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Barnes Dennig |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $558,165 reported compensation |
| Wells Fargo Advisors LLC | $32,710 reported compensation |
| Morgan Stanley | $19,207 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923115121NAL0002536051001, received 2025-09-23, EIN 20-5152109, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.