Uber Freight US LLC 401(k) Review & Grade
Uber Freight Retirement Savings Plan
Frisco, TXTransportation & Warehousing3,098 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,415Employer $ per active participant
$7,936Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$212.5MNet plan assets, end of year
$59,347Average balance per account
Score breakdown
- Employer generosity31.1 / 5062th percentile for employer $ per participant
- Low cost18.3 / 2573th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-8 pts2 issues reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 62th |
| Lower admin cost | 73th |
| Employee saving | 82th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
Corrective distributions: the plan refunded $38,614 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Uber Freight US put in about $2,415 per active participant, more than the typical peer ($1,834). 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.
- 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 | $7,481,169 |
| Participant (employee) contributions | $24,587,229 |
| Other contributions (incl. rollovers in) | $3,159,611 |
| Administrative expenses paid from the plan | $115,562 |
| Contract administrator fees | $300 |
| Benefits paid out | $20,464,816 |
| Net assets, start / end of year | $172.0M / $212.5M |
| Active participants, start / end of year | 3,115 / 3,081 |
| Participants with account balances | 3,581 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Frank, Rimerman & Co. LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $115,562 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013162735NAL0003557218001, received 2025-10-13, EIN 75-2949425, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.