Averitt Express 401(k) match, vesting and fees
What Averitt Express' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Carr, Riggs & Ingram, LLC (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 44 defined-contribution plans in transportation and warehousing with 10,000 to 49,999 participants.
| Averitt Express: employer contribution per participant | $3,209 | |
| Peer median | $1,814 |
| Averitt Express: average balance | $59,952 | |
| Peer median | $68,010 |
| Averitt Express: admin expenses ÷ assets | 0.13% | |
| Peer median | 0.12% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $693M at the end of plan year 2023 to $775M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 13,016 | $775M | $41.5M | $3,209 | 0.13% | Not published | Form 5500 ↗ |
| 2023 | 12,629 | $693M | $48.6M | $3,881 | 0.14% | Not published | Form 5500 ↗ |
Common questions
Does Averitt Express match 401(k) contributions?
The match terms for the Averitt Express, Inc. Profit Sharing and 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $41.5M in employer contributions, about $3,209 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Averitt Express 401(k) match vested?
The vesting schedule for the Averitt Express, Inc. Profit Sharing and 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Averitt Express 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Averitt Express, Inc..
I left Averitt Express. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Averitt Express, Inc., (931) 525-5323) or the recordkeeper, Principal Life Insurance Company. The Averitt Express old 401(k) page lists the contacts from every plan filing. Find an old Averitt Express 401(k)
Data from the public Form 5500 annual reports Averitt Express filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Averitt Express. Not financial advice. Report a correction · Methodology