Plan Ledger DOL Form 5500 · updated monthly

Able Freight Services, LLC401(k)

ABLE FREIGHT SERVICES, LLC 401(K) PLAN · LOS ANGELES, CA · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Able Freight Services, LLC reported $43,153 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $1,348 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 3 years on file its reported administrative ratio rose from 0.00% to 0.79%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in California (6,338th of 9,483), and 1,394th of 2,677 in transportation & warehousing. In 2024, employees put in $1.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,989,960
Participants with balances128
Active participants227
Employer contributions$305,928
Employee contributions$541,063
Employer contribution per active participant$1,348
Average account balance$54,609
Benefits paid to participants$723,318
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2025$4.4M · 77 accts · $216K emplr
2024$7.0M · 128 accts · $306K emplr
2022$5.2M · 89 accts · $55K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,871
Investment management$26,282
Total administrative$43,153
The Able Freight Services, LLC 401(k) match · 2024
Employer contribution per active participant$1,348
Median for plans this size$1,313
2025$5,536 per active participant
2024$1,348 per active participant
2022$253 per active participant

Able Freight Services, LLC's 2024 employer contribution ran above the $1,313 median for plans its size. 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$16,871
FMB RETIREMENT SERVICES · Investment advisory (plan)$16,151
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$9,062

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

Administrative cost history3
2025$45,177 · 0.79%
2024$43,153 · 0.66%
2022$52 · 0.00%
Similar plansTransportation & Warehousing · California
Skyryse CA$7.4M · 0.01%
Next Trucking, Inc. CA$7.1M · 0.53%
Winedirect, Inc. CA$6.9M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843789185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.