Heyl Truck Lines Inc. 401(k) Review & Grade
Heyl Companies 401(k) Plan
Akron, IATransportation & Warehousing594 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$272Employer $ per active participant
$1,722Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$10.7MNet plan assets, end of year
$34,271Average balance per account
Score breakdown
- Employer generosity6.8 / 5014th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 40th |
| Employee saving | 26th |
| 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
- Heyl Truck Lines put in about $272 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.
- 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.
- 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 | $161,849 |
| Participant (employee) contributions | $1,023,629 |
| Other contributions (incl. rollovers in) | $87,239 |
| Administrative expenses paid from the plan | $31,886 |
| Benefits paid out | $2,276,431 |
| Net assets, start / end of year | $10.4M / $10.7M |
| Active participants, start / end of year | 636 / 553 |
| Participants with account balances | 312 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ketel Thorstenson LLP |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $54,251 reported compensation |
| Adp, Inc. | $31,886 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250825051544NAL0003768211001, received 2025-08-25, EIN 42-0982149, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.