Swissport North America Holdings, Inc. 401(k) Review & Grade
Swissport North America Holdings, Inc. 401(k) Savings and Retirement Plan
Raleigh, NCTransportation & Warehousing6,728 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$948Employer $ per active participant
$1,776Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$173.5MNet plan assets, end of year
$28,084Average balance per account
Score breakdown
- Employer generosity13.5 / 5027th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 2,500–9,999 active participants (123 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 19th |
| Employee saving | 16th |
| Peers that auto-enroll | 46% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($196,417 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Swissport North America Holdings put in about $948 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.
- Direct plan expenses (0.34% of assets) are well above similar-size plans (0.12%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $6,379,805 |
| Participant (employee) contributions | $11,947,142 |
| Other contributions (incl. rollovers in) | $1,575,606 |
| Administrative expenses paid from the plan | $572,588 |
| Contract administrator fees | $107,916 |
| Investment advisory & management fees | $887 |
| Other admin expenses | $1,475 |
| Benefits paid out | $25,823,486 |
| Net assets, start / end of year | $161.1M / $173.5M |
| Active participants, start / end of year | 4,174 / 9,283 |
| Participants with account balances | 6,179 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Thompson Greenspon |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $536,252 reported compensation |
| Thompson Greenspon & Co PC | $33,974 reported compensation |
| Advised Assets Group, LLC | $887 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014152209NAL0006629762001, received 2025-10-14, EIN 11-3280508, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.