Zim American Integrated Shipping Services Company LLC 401(k) Review & Grade
Zim American Integrated Shipping Services Company, LLC 401(k) Savings
Virginia Beach, VATransportation & Warehousing534 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,525Employer $ per active participant
$6,858Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$48.6MNet plan assets, end of year
$70,968Average balance per account
Score breakdown
- Employer generosity46.2 / 5092th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 37th |
| Employee saving | 87th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $9,401 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Zim American Integrated Shipping Services Company put in about $4,525 per active participant, more than the typical peer ($1,070). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,418,686 |
| Participant (employee) contributions | $3,665,631 |
| Other contributions (incl. rollovers in) | $2,069,253 |
| Administrative expenses paid from the plan | $146,089 |
| Contract administrator fees | $146,089 |
| Benefits paid out | $5,185,574 |
| Net assets, start / end of year | $40.1M / $48.6M |
| Active participants, start / end of year | 520 / 549 |
| Participants with account balances | 685 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $146,089 reported compensation |
| Ameriprise Financial Services Inc | $38,477 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007124033NAL0002676451001, received 2025-10-07, EIN 46-4187684, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.