Plan Ledger DOL Form 5500 · updated monthly

10 Roads Express401(k)

10 ROADS EXPRESS 401(K) PLAN · CARTER LAKE, IA · plan year 2024

Reported admin expense ratio · 2024
0.29%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

10 Roads Express reported $184,930 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $150 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.43% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 150th-largest of 878 plans among Iowa employers on file, and the 331st of 2,677 in transportation & warehousing. In 2024, employees put in $10.45 for every $1.00 the employer contributed; active participation has shrunk from 5,275 to 3,609 since 2022.

Plan summary
Net assets, end of year$62,959,295
Participants with balances1,515
Active participants3,609
Employer contributions$540,474
Employee contributions$5,650,136
Employer contribution per active participant$150
Average account balance$41,557
Benefits paid to participants$14,435,677
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$63.0M · 1,515 accts · $540K emplr
2023$62.5M · 1,841 accts · $957K emplr
2022$51.7M · 1,846 accts · $377K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$124,810
Investment management$54,537
Total administrative$184,930
The 10 Roads Express 401(k) match · 2024
Employer contribution per active participant$150
Median for plans this size$3,635
2024$150 per active participant
2023$230 per active participant
2022$71 per active participant

10 Roads Express's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$116,352
LPL FINANCIAL LLC · Investment advisory (plan)$54,537
BRIDGES INVESTMENT MANAGEMENT INC · Investment advisory (plan)$14,041

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$184,930 · 0.29%
2023$196,174 · 0.34%
2022$244,697 · 0.43%
Same employer
Similar plansTransportation & Warehousing · Iowa
Annett Holdings, Inc. IA$418.5M · 0.00%
Ruan Transport Corporation IA$299.6M · 0.23%
Crst Expedited Inc IA$100.6M · 0.36%
Van Wyk, Inc. IA$30.2M · 0.30%
Decker Truck Line, Inc. IA$30.1M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611947439 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.