Apl Logistics Americas, LTD 401(k) Review & Grade
The Save Plan
Scottsdale, AZTransportation & Warehousing2,540 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,554Employer $ per active participant
$2,818Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$174.7MNet plan assets, end of year
$80,467Average balance per account
Score breakdown
- Employer generosity32.4 / 5065th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 28th |
| Employee saving | 30th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Apl Logistics Americas put in about $2,554 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.
- Direct plan expenses (0.25% 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 | $6,487,318 |
| Participant (employee) contributions | $7,156,470 |
| Other contributions (incl. rollovers in) | $512,684 |
| Administrative expenses paid from the plan | $410,310 |
| Contract administrator fees | $600 |
| Other admin expenses | $106,782 |
| Benefits paid out | $16,677,948 |
| Net assets, start / end of year | $156.2M / $174.7M |
| Active participants, start / end of year | 2,411 / 2,669 |
| Participants with account balances | 2,171 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Redw LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $273,180 reported compensation |
| Callan LLC | $106,782 reported compensation |
| Redw LLC | $30,700 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014174133NAL0004690224001, received 2025-10-14, EIN 94-3017941, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.