Echo Global Logistics, Inc. 401(k) Review & Grade
Echo Global Logistics 401(k) Savings and Retirement Plan
Chicago, ILTransportation & Warehousing2,608 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,383Employer $ per active participant
$6,922Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$199.3MNet plan assets, end of year
$62,798Average balance per account
Score breakdown
- Employer generosity20.9 / 5042th percentile for employer $ per participant
- Low cost7.2 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving11.3 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score49 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 29th |
| Employee saving | 75th |
| Peers that auto-enroll | 46% |
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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
- Echo Global Logistics put in about $1,383 per active participant, below the typical peer ($1,834). 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 (0.24% 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.
- 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 | $3,606,649 |
| Participant (employee) contributions | $18,052,139 |
| Other contributions (incl. rollovers in) | $2,416,574 |
| Administrative expenses paid from the plan | $440,915 |
| Contract administrator fees | $377,327 |
| Investment advisory & management fees | $63,588 |
| Benefits paid out | $13,434,593 |
| Net assets, start / end of year | $162.3M / $199.3M |
| Active participants, start / end of year | 2,650 / 2,566 |
| Participants with account balances | 3,173 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $377,327 reported compensation |
| Creative Planning, LLC | $63,654 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250918133827NAL0001481377001, received 2025-09-18, EIN 20-5001120, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.