Interstate Warehousing, Inc. 401(k) Review & Grade
Tippmann Group Employees 401(k) Plan
Fort Wayne, INTransportation & Warehousing1,138 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$535Employer $ per active participant
$2,634Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$43.1MNet plan assets, end of year
$41,625Average balance per account
Score breakdown
- Employer generosity14.8 / 5030th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving6.5 / 1543th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 30th |
| Lower admin cost | 35th |
| Employee saving | 43th |
| 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
- Interstate Warehousing put in about $535 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 (0.35% 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 | $608,937 |
| Participant (employee) contributions | $2,999,078 |
| Other contributions (incl. rollovers in) | $94,950 |
| Administrative expenses paid from the plan | $139,297 |
| Contract administrator fees | $27,425 |
| Investment advisory & management fees | $27,248 |
| Other admin expenses | $18,637 |
| Benefits paid out | $2,349,156 |
| Net assets, start / end of year | $36.9M / $43.1M |
| Active participants, start / end of year | 1,151 / 1,126 |
| Participants with account balances | 1,035 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis LLP |
Largest service providers (Schedule C)
| Voya Retirement Advisors, LLC | $23,663 reported compensation |
| Retirement Plan Concepts & Services | $21,945 reported compensation |
| Morningstar Investment Management | $5,033 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818145134NAL0001348225001, received 2025-08-18, EIN 35-1625381, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.