Cruise, LLC 401(k) Review & Grade
Cruise, LLC Retirement Trust
San Francisco, CATransportation & Warehousing2,906 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,342Employer $ per active participant
$24,627Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$489.2MNet plan assets, end of year
$122,090Average balance per account
Score breakdown
- Employer generosity47.1 / 5094th percentile for employer $ per participant
- Low cost24.9 / 25100th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 100th |
| Employee saving | 100th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Corrective distributions: the plan refunded $367,211 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cruise put in about $9,342 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.
- 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 | $27,147,310 |
| Participant (employee) contributions | $71,567,211 |
| Other contributions (incl. rollovers in) | $17,783,419 |
| Administrative expenses paid from the plan | $6,333 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $722 |
| Benefits paid out | $65,963,610 |
| Net assets, start / end of year | $365.6M / $489.2M |
| Active participants, start / end of year | 3,674 / 2,138 |
| Participants with account balances | 4,007 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $12,082 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015124947NAL0004588545001, received 2025-10-15, EIN 38-3995716, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.