Abx Air, Inc. 401(k) Review & Grade
Capital Accumulation Plan
Wilmington, OHTransportation & Warehousing2,245 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,379Employer $ per active participant
$5,491Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$279.9MNet plan assets, end of year
$105,050Average balance per account
Score breakdown
- Employer generosity38.5 / 5077th percentile for employer $ per participant
- Low cost16.9 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 67th |
| Employee saving | 78th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $82,528 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Abx Air put in about $2,379 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 | $5,341,898 |
| Participant (employee) contributions | $12,326,874 |
| Other contributions (incl. rollovers in) | $662,809 |
| Administrative expenses paid from the plan | $344,420 |
| Other admin expenses | $54,819 |
| Benefits paid out | $38,233,305 |
| Net assets, start / end of year | $254.9M / $279.9M |
| Active participants, start / end of year | 2,445 / 2,045 |
| Participants with account balances | 2,664 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $289,600 reported compensation |
| Mercer | $40,711 reported compensation |
| Moss Adams LLP | $14,108 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923092252NAL0007789139001, received 2025-09-23, EIN 91-1091619, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.