Liberty Truck Center Inc 401(k) Review & Grade
Onvo 401k Plan
Scranton, PARetail Trade592 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$629Employer $ per active participant
$1,145Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$7.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity22.1 / 5044th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving2.8 / 1519th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 12th |
| Employee saving | 19th |
| Peers that auto-enroll | 48% |
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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
- Liberty Truck Center put in about $629 per active participant, below the typical peer ($743). 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 (0.74% 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 | $372,241 |
| Participant (employee) contributions | $677,677 |
| Other contributions (incl. rollovers in) | $77,985 |
| Administrative expenses paid from the plan | $49,249 |
| Investment advisory & management fees | $42,159 |
| Benefits paid out | $312,656 |
| Net assets, start / end of year | $6.0M / $7.4M |
| Active participants, start / end of year | 610 / 574 |
| Participants with account balances | 262 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Robert Rossi & Co. |
Largest service providers (Schedule C)
| Adp, Inc. | $43,069 reported compensation |
| Strategic Plan Services | $6,179 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013050413NAL0001736482001, received 2025-10-13, EIN 23-2581761, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.