Transport Refrigeration Inc. 401(k) Review & Grade
Transport Refrigeration Inc. 401(k) Profit Sharing Plan
De Pere, WITransportation & Warehousing560 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$449Employer $ per active participant
$1,897Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$12.0MNet plan assets, end of year
$17,833Average balance per account
Score breakdown
- Employer generosity11.5 / 5023th percentile for employer $ per participant
- Low cost13.9 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 56th |
| Employee saving | 30th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,552 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Transport Refrigeration put in about $449 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $251,477 |
| Participant (employee) contributions | $1,062,597 |
| Other contributions (incl. rollovers in) | $496,596 |
| Administrative expenses paid from the plan | $20,658 |
| Benefits paid out | $579,556 |
| Net assets, start / end of year | $9.5M / $12.0M |
| Active participants, start / end of year | 489 / 631 |
| Participants with account balances | 674 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Kerber Rose |
Largest service providers (Schedule C)
| Jpmorgan Invest Holdings LLC | $20,658 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250826154919NAL0004547795001, received 2025-08-26, EIN 39-1034368, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.