Inter-Rail Transport, Inc. 401(k) Review & Grade
Inter-Rail Transport, Inc. Profit Sharing Plan & Trust
Centreville, MDTransportation & Warehousing603 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$498Employer $ per active participant
$1,734Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$13.3MNet plan assets, end of year
$16,056Average balance per account
Score breakdown
- Employer generosity13.6 / 5027th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving4.0 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
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 | 27th |
| Lower admin cost | 24th |
| Employee saving | 27th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,498 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Inter-Rail Transport put in about $498 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 (0.49% 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 | $300,010 |
| Participant (employee) contributions | $1,045,866 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $59,436 |
| Investment advisory & management fees | $867 |
| Benefits paid out | $1,439,158 |
| Net assets, start / end of year | $11.2M / $13.3M |
| Active participants, start / end of year | 567 / 639 |
| Participants with account balances | 829 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gross, Mendelsohn & Associates,p.a. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $39,069 reported compensation |
| Gross Mendelsohn | $19,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250922083207NAL0005766080001, received 2025-09-22, EIN 58-1375899, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.