Transwood, Inc. 401(k) Review & Grade
Transwood Employees' Retirement Plan
Omaha, NETransportation & Warehousing806 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$987Employer $ per active participant
$4,478Employee $ saved per active participant
0.42%Direct admin cost, % of plan assets
$35.2MNet plan assets, end of year
$32,686Average balance per account
Score breakdown
- Employer generosity23.7 / 5047th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 29th |
| Employee saving | 70th |
| Peers that auto-enroll | 37% |
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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 ($113,308 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
- Transwood put in about $987 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.
- Direct plan expenses (0.42% 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 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 | $795,596 |
| Participant (employee) contributions | $3,609,373 |
| Other contributions (incl. rollovers in) | $312,469 |
| Administrative expenses paid from the plan | $136,456 |
| Contract administrator fees | $87,504 |
| Investment advisory & management fees | $48,952 |
| Benefits paid out | $3,411,797 |
| Net assets, start / end of year | $30.1M / $35.2M |
| Active participants, start / end of year | 800 / 812 |
| Participants with account balances | 1,077 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $87,504 reported compensation |
| Cetera Investment Advisors | $48,952 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082218NAL0002016435001, received 2025-10-15, EIN 47-0776463, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.