Plan Ledger DOL Form 5500 · updated monthly

Area Storage & Transfer IncDC plan

AREA STORAGE & TRANSFER INC. PREVAILING WAGE PLAN · HARRISBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Area Storage & Transfer Inc reported $48,174 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $2,396 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 0.62% to 0.67%. 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 Pennsylvania (2,579th of 3,651), and the 1,333rd of 2,677 in transportation & warehousing. active participation has grown from 253 to 390 since 2022.

Plan summary
Net assets, end of year$7,577,426
Participants with balances169
Active participants390
Employer contributions$934,273
Employee contributions—
Employer contribution per active participant$2,396
Average account balance$44,837
Benefits paid to participants$904,456
Plan auditUnmodified (clean) audit opinion
AuditorMIKE AVERSANO
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 169 accts · $934K emplr
2023$6.8M · 783 accts · $939K emplr
2022$6.4M · 409 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,174
Total administrative$48,174
Employer contributions to the Area Storage & Transfer Inc plan · 2024
Employer contribution per active participant$2,396
Median for plans this size$1,313
2024$2,396 per active participant
2023$1,997 per active participant
2022$4,765 per active participant

Area Storage & Transfer Inc's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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 · 20241
CEP CONSULTANTS, INC.indirect comp

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

Recordkeeper by year2
2024Paychex
2023Paychex

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$48,174 · 0.67%
2023$56,588 · 0.85%
2022$43,637 · 0.62%
All plans at this employer2
AREA STORAGE & TRANSFER INC. 401(K) PROFIT SHARING PLAN & TRUST401(k)
AREA STORAGE & TRANSFER INC. PREVAILING WAGE PLANDefined-contribution plan
Similar plansTransportation & Warehousing · Pennsylvania
S&H Express, Inc. PA$8.5M · 0.50%
R & R Express Holdco, Inc PA$7.9M · 0.51%
Weleski Transfer, Inc. PA$7.5M · 0.24%
South Hills Movers, Inc. PA$6.4M · 0.40%
Frank Martz Coach Company PA$6.3M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222981560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.