Plan Ledger DOL Form 5500 · updated monthly

Abc Bus Companies, Inc.401(k)

ABC BUS COMPANIES, INC. EMPLOYEES' RETIREMENT PLAN · FARIBAULT, MN · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Abc Bus Companies, Inc. reported $131,190 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,074 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 rose from 0.42% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 703rd-largest of 1,918 plans among Minnesota employers on file, and the 1,046th of 5,215 in retail trade. In 2024, employees put in $3.57 for every $1.00 the employer contributed; active participation has grown from 410 to 473 since 2022.

Plan summary
Net assets, end of year$29,656,603
Participants with balances678
Active participants473
Employer contributions$507,932
Employee contributions$1,814,998
Employer contribution per active participant$1,074
Average account balance$43,741
Benefits paid to participants$2,354,566
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.7M · 678 accts · $508K emplr
2023$26.2M · 683 accts · $446K emplr
2022$25.4M · 755 accts · $407K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$86,284
Investment management$44,906
Total administrative$131,190
The Abc Bus Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,074
Median for plans this size$2,416
2024$1,074 per active participant
2023$915 per active participant
2022$993 per active participant

Abc Bus Companies, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$9,258
WELLS FARGO ADVISORS FINANCIAL · Investment advisory (participants)$44,906

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$131,190 · 0.47%
2023$131,807 · 0.51%
2022$115,319 · 0.42%
Same employer
Similar plansRetail Trade · Minnesota
Warners Stellian Co., Inc. MN$32.2M · 0.29%
Rockler Companies, Inc. MN$31.9M · 0.20%
Running Supply, Inc. MN$31.6M · 0.33%
Hirshfield's, Inc. MN$31.1M · 0.24%
Metropolitan Corp. MN$29.1M · 0.43%
Federated Co-Ops, Inc. MN$26.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411565882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.