Truckpro, LLC 401(k) Review & Grade
Truckpro, LLC 401(k) Plan
Cordova, TNRetail Trade1,469 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$785Employer $ per active participant
$2,694Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$50.0MNet plan assets, end of year
$32,792Average balance per account
Score breakdown
- Employer generosity26.0 / 5052th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 64th |
| Employee saving | 45th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,371 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Truckpro put in about $785 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $1,153,127 |
| Participant (employee) contributions | $3,957,636 |
| Other contributions (incl. rollovers in) | $504,033 |
| Administrative expenses paid from the plan | $72,527 |
| Contract administrator fees | $57,407 |
| Investment advisory & management fees | $15,120 |
| Benefits paid out | $9,028,308 |
| Net assets, start / end of year | $49.6M / $50.0M |
| Active participants, start / end of year | 1,536 / 1,402 |
| Participants with account balances | 1,525 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HCJ Cpas & Advisors, PLLC |
Largest service providers (Schedule C)
| Alera Investment Advisors, LLC | $93,870 reported compensation |
| Principal Life Insurance Company | $57,407 reported compensation |
| HCJ Cpas & Advisors, PLL | $15,120 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250708163416NAL0002827987001, received 2025-07-08, EIN 04-3577837, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.