Customized Distribution Services 401(k) match, vesting and fees
What Customized Distribution Services' 401(k) plan says about matching contributions
Contributions - Contributions to the Plan include: (i) voluntary salary reductions, (ii) employer matching contributions, (iii) non-elective contributions, (iv) qualified non-elective contributions, (v) discretionary profit-sharing contributions and (vi) rollover contributions.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 34 ↗ |
| Loans | Notes Receivable from Participants - Participants may borrow from the Plan under a loan feature which became effective at the Plan's inception. Loans will be granted with a maximum amount equal to the lesser of 50% of a participant's vested account balance or $50,000. The minimum loan amount is $1,000. The interest rate on the loan is based on a rate of return commensurate with the prevailing interest rate charged on similar commercial loans under like circumstance by persons in the business of lending money. All loans must be adequately secured by the participant's vested interest in the Plan. | Audit report, p. 35 ↗ |
| Recordkeeper | Fidelity Investments Institutional | Schedule C ↗ |
| Independent auditor | Mspc Certified Public Accountants (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 1,836 defined-contribution plans in transportation and warehousing with 100 to 499 participants.
| Customized Distribution Services: employer contribution per participant | $932 | |
| Peer median | $1,076 |
| Customized Distribution Services: average balance | $39,050 | |
| Peer median | $31,804 |
| Customized Distribution Services: admin expenses ÷ assets | 0.53% | |
| Peer median | 0.46% |
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 $8.6M at the end of plan year 2021 to $9.6M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,187 | $9.6M | $228K | $932 | 0.53% | Quoted in the audit report, p. 34 ↗ | Form 5500 ↗ |
| 2023 | 1,369 | $8.5M | $204K | $795 | 0.49% | Not published | Form 5500 ↗ |
| 2022 | 1,517 | $7.2M | $246K | $874 | 0.52% | Not published | Form 5500 ↗ |
| 2021 | 1,400 | $8.6M | $212K | $829 | 0.51% | Not published | Form 5500 ↗ |
Common questions
Does Customized Distribution Services match 401(k) contributions?
The audit report attached to the Customized Distribution Services, Inc. 401(k) Plan's plan year 2024 Form 5500, page 34 says: “Contributions - Contributions to the Plan include: (i) voluntary salary reductions, (ii) employer matching contributions, (iii) non-elective contributions, (iv) qualified non-elective contributions, (v) discretionary profit-sharing contributions and (vi) rollover contributions.” Plan terms may have changed; check your current Summary Plan Description.
When is the Customized Distribution Services 401(k) match vested?
The vesting schedule for the Customized Distribution Services, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Customized Distribution Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Fidelity Investments Institutional. The plan administrator is Customized Distribution Services, Inc..
I left Customized Distribution Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Customized Distribution Services, Inc., (973) 366-5090) or the recordkeeper, Fidelity Investments Institutional. The Customized Distribution Services old 401(k) page lists the contacts from every plan filing. Find an old Customized Distribution Services 401(k)
Data from the public Form 5500 annual reports Customized Distribution Services filed with the U.S. Department of Labor (plan years 2021 and 2022 and 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 Customized Distribution Services. Not financial advice. Report a correction · Methodology