Plan Ledger DOL Form 5500 · updated monthly

Able Moving and Storage, Inc.401(k)

ABLE MOVING AND STORAGE RETIREMENT SAVINGS PLAN · MANASSAS, VA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Able Moving and Storage, Inc. reported $39,267 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $2,214 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 0.30% to 0.49%. 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 Virginia (1,542nd of 2,266), and the 1,240th of 2,677 in transportation & warehousing. In 2024, employees put in $2.25 for every $1.00 the employer contributed; active participation has shrunk from 118 to 103 since 2022.

Plan summary
Net assets, end of year$8,768,930
Participants with balances111
Active participants103
Employer contributions$228,031
Employee contributions$513,696
Employer contribution per active participant$2,214
Average account balance$78,999
Benefits paid to participants$403,758
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 111 accts · $228K emplr
2023$7.4M · 118 accts · $336K emplr
2022$5.7M · 148 accts · $427K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$39,267
Total administrative$39,267
The Able Moving and Storage, Inc. 401(k) match · 2024
Employer contribution per active participant$2,214
Median for plans this size$1,313
2024$2,214 per active participant
2023$3,292 per active participant
2022$3,619 per active participant

Able Moving and Storage, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$39,266
OSAIC WEALTH INC · Other servicesindirect comp

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$39,267 · 0.49%
2023$23,768 · 0.36%
2022$17,889 · 0.30%
Same employer
Similar plansTransportation & Warehousing · Virginia
Norfolk Tug Company VA$13.8M · 0.46%
Interchange Group, Inc. VA$9.8M · 0.36%
Avmac, LLC VA$7.8M · 0.30%
Urgent.Ly Inc. VA$7.4M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541417920 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.