Truck Centers, Inc. 401(k) Review & Grade
Truck Centers, Inc. 401(k) Plan
Troy, ILWholesale Trade720 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,410Employer $ per active participant
$5,285Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$68.3MNet plan assets, end of year
$94,855Average balance per account
Score breakdown
- Employer generosity31.7 / 5063th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 60th |
| Employee saving | 60th |
| Peers that auto-enroll | 53% |
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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 ($212 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $8,865 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Truck Centers put in about $2,410 per active participant, more than the typical peer ($1,792). 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.
- 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 | $1,736,055 |
| Participant (employee) contributions | $3,807,855 |
| Other contributions (incl. rollovers in) | $34,364 |
| Administrative expenses paid from the plan | $106,222 |
| Investment advisory & management fees | $89,833 |
| Benefits paid out | $4,186,225 |
| Net assets, start / end of year | $59.6M / $68.3M |
| Active participants, start / end of year | 729 / 712 |
| Participants with account balances | 720 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Edward Jones | $89,833 reported compensation |
| Capital Group Retirement Plan Svcs. | $16,389 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908114213NAL0019282193001, received 2025-09-08, EIN 37-0922808, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.