Plan Ledger DOL Form 5500 · updated monthly

Alta Enterprises, LLC401(k)

ALTA EQUIPMENT COMPANY 401(K) PLAN & TRUST · LIVONIA, MI · plan year 2024

Reported admin expense ratio · 2024
0.21%

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

Alta Enterprises, LLC reported $340,891 in plan administrative expenses for 2024: 0.21% of average plan assets, above the peer median. Employer contributions averaged $2,315 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 has held roughly steady near 0.21%. 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 168th-largest of 2,619 plans among Michigan employers on file, and the 162nd of 2,677 in transportation & warehousing. In 2024, employees put in $3.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$172,100,709
Participants with balances2,806
Active participants2,507
Employer contributions$5,803,566
Employee contributions$19,266,704
Employer contribution per active participant$2,315
Average account balance$61,333
Benefits paid to participants$22,559,128
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$172.1M · 2,806 accts · $5.8M emplr
2023$146.5M · 2,862 accts · $5.5M emplr
2022$114.8M · 2,624 accts · $4.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$232,294
Investment management$108,597
Total administrative$340,891
The Alta Enterprises, LLC 401(k) match · 2024
Employer contribution per active participant$2,315
Median for plans this size$3,635
2024$2,315 per active participant
2023$1,974 per active participant
2022$1,629 per active participant

Alta Enterprises, LLC's 2024 employer contribution ran below the $3,635 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$232,294
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$58,719
B.RILEY WEALTH ADVISORS INC · Investment advisory (plan)$49,878

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$340,891 · 0.21%
2023$276,244 · 0.21%
2022$265,850 · 0.22%
Same employer
Similar plansTransportation & Warehousing · Michigan
Kalitta Air, LLC MI$340.8M · 0.02%
Penske Corporation MI$90.9M · 0.07%
United Road Service, Inc. MI$52.7M · 0.27%
Dt Midstream, Inc. MI$40.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823166837 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.