Customized Distribution Services, Inc. 401(k) Review & Grade
Customized Distribution Services, Inc. 401(k) Plan
Wharton, NJTransportation & Warehousing1,153 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$198Employer $ per active participant
$533Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$9.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity5.2 / 5010th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 21th |
| Employee saving | 6th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $51,989 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Customized Distribution Services put in about $198 per active participant, below the typical peer ($1,070). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.53% 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.
- 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 | $228,451 |
| Participant (employee) contributions | $614,644 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $47,511 |
| Investment advisory & management fees | $6,060 |
| Other admin expenses | $21,294 |
| Benefits paid out | $855,421 |
| Net assets, start / end of year | $8.5M / $9.6M |
| Active participants, start / end of year | 1,255 / 1,051 |
| Participants with account balances | 245 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mspc Certified Public Accountants |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney LLC | $21,294 reported compensation |
| Fidelity Investments Institutional | $20,157 reported compensation |
| Strategic Advisors, Inc. | $6,060 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015095828NAL0002113027001, received 2025-10-15, EIN 23-2833686, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.