Cathcart Rail Holdco, LLC 401(k) Review & Grade
Cathcart Rail, LLC 401(k) Profit Sharing Plan
Columbus, OHTransportation & Warehousing850 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,083Employer $ per active participant
$2,377Employee $ saved per active participant
0.92%Direct admin cost, % of plan assets
$18.6MNet plan assets, end of year
$17,958Average balance per account
Score breakdown
- Employer generosity25.2 / 5050th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 8th |
| Employee saving | 39th |
| Peers that auto-enroll | 37% |
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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
- Cathcart Rail Holdco put in about $1,083 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.
- Direct plan expenses (0.92% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $920,274 |
| Participant (employee) contributions | $2,020,507 |
| Other contributions (incl. rollovers in) | $121,081 |
| Administrative expenses paid from the plan | $167,148 |
| Contract administrator fees | $103,225 |
| Benefits paid out | $4,328,665 |
| Net assets, start / end of year | $17.7M / $18.6M |
| Active participants, start / end of year | 860 / 840 |
| Participants with account balances | 1,036 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Gray, Griffith & Mays, A.c. |
Largest service providers (Schedule C)
| Merrill Lynch | $25,009 reported compensation |
| John Hancock | $14,604 reported compensation |
| Onedigital Investment Advisors | $13,547 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003045930NAL0000658019001, received 2025-10-03, EIN 85-2553567, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.