Hub Group, Inc. 401(k) Review & Grade
Hub Group Employee Profit Sharing and Trust Plan
Oak Brook, ILTransportation & Warehousing5,700 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,305Employer $ per active participant
$4,791Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$267.5MNet plan assets, end of year
$37,960Average balance per account
Score breakdown
- Employer generosity18.9 / 5038th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 38th |
| Employee saving | 56th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Hub Group put in about $1,305 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.
- 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 | $7,436,164 |
| Participant (employee) contributions | $27,309,086 |
| Other contributions (incl. rollovers in) | $4,893,456 |
| Administrative expenses paid from the plan | $453,310 |
| Investment advisory & management fees | $38,334 |
| Other admin expenses | $414,976 |
| Benefits paid out | $38,609,456 |
| Net assets, start / end of year | $231.9M / $267.5M |
| Active participants, start / end of year | 5,239 / 6,161 |
| Participants with account balances | 7,047 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
| Employer stock held by plan | $6,357,464 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $375,807 reported compensation |
| Mma Securities | $39,350 reported compensation |
| Strategic Advisors, Inc. | $38,334 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250729123454NAL0007485570001, received 2025-07-29, EIN 36-4007085, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.