Montgomery Transport, LLC 401(k) Review & Grade
Montgomery Transport, LLC 401(k) Plan
Birmingham, ALTransportation & Warehousing628 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$826Employer $ per active participant
$1,532Employee $ saved per active participant
1.20%Direct admin cost, % of plan assets
$8.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity21.1 / 5042th percentile for employer $ per participant
- Low cost1.1 / 254th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 4th |
| Employee saving | 23th |
| 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
- Montgomery Transport put in about $826 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 (1.20% 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 | $518,676 |
| Participant (employee) contributions | $962,135 |
| Other contributions (incl. rollovers in) | $17,788 |
| Administrative expenses paid from the plan | $90,658 |
| Investment advisory & management fees | $46,097 |
| Benefits paid out | $1,219,199 |
| Net assets, start / end of year | $7.0M / $8.1M |
| Active participants, start / end of year | 657 / 599 |
| Participants with account balances | 260 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The Highlands Accounting Group |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $44,561 reported compensation |
| Capfinancial Partners LLC | $37,999 reported compensation |
| Empower Advisory Group, LLC | $8,098 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001141057NAL0013340865001, received 2025-10-01, EIN 45-1743971, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.