We Transport, Inc. 401(k) Review & Grade
We Transport, Inc. Union 401(k) Plan
Plainview, NYTransportation & Warehousing2,979 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$426Employer $ per active participant
$825Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$21.6MNet plan assets, end of year
$7,249Average balance per account
Score breakdown
- Employer generosity6.1 / 5012th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score13 / 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 | 12th |
| Lower admin cost | 12th |
| Employee saving | 7th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- We Transport put in about $426 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 (0.52% 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.
- 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 | $1,268,681 |
| Participant (employee) contributions | $2,457,321 |
| Other contributions (incl. rollovers in) | $25,761 |
| Administrative expenses paid from the plan | $105,235 |
| Benefits paid out | $3,389,605 |
| Net assets, start / end of year | $18.9M / $21.6M |
| Active participants, start / end of year | 2,979 / 2,979 |
| Participants with account balances | 2,979 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Meaden & Moore, LTD. |
Largest service providers (Schedule C)
| Pentegra Services Inc | $67,223 reported compensation |
| Empower Life & Annuity Insurance | $59,290 reported compensation |
| Creative Planning, Inc. | $19,278 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014080434NAL0005035378001, received 2025-10-14, EIN 11-2017935, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.