Truck-Lite Co., LLC 401(k) Review & Grade
Truck-Lite Co., LLC Thrift Plan
Erie, PAManufacturing704 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,161Employer $ per active participant
$5,368Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$69.7MNet plan assets, end of year
$84,655Average balance per account
Score breakdown
- Employer generosity23.3 / 5047th percentile for employer $ per participant
- Low cost12.2 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving8.5 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score54 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 49th |
| Employee saving | 57th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Truck-Lite Co. put in about $2,161 per active participant, below the typical peer ($2,320). 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 | $1,521,650 |
| Participant (employee) contributions | $3,779,029 |
| Other contributions (incl. rollovers in) | $1,188,540 |
| Administrative expenses paid from the plan | $156,189 |
| Contract administrator fees | $111,429 |
| Investment advisory & management fees | $44,760 |
| Benefits paid out | $7,640,649 |
| Net assets, start / end of year | $60.9M / $69.7M |
| Active participants, start / end of year | 731 / 677 |
| Participants with account balances | 823 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $120,804 reported compensation |
| Mma Securities LLC | $44,778 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925082342NAL0008963520001, received 2025-09-25, EIN 27-4034515, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.