Plan Ledger DOL Form 5500 · updated monthly

Bennett Motor Express Management, Inc.401(k)

BENNETT MOTOR EXPRESS MANAGEMENT, INC. 401(K) PLAN · MCDONOUGH, GA · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Bennett Motor Express Management, Inc. reported $156,744 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $381 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 0.423%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 562nd-largest of 2,160 plans among Georgia employers on file, and the 465th of 2,677 in transportation & warehousing. In 2024, employees put in $7.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,240,902
Participants with balances568
Active participants1,126
Employer contributions$428,560
Employee contributions$3,309,979
Employer contribution per active participant$381
Average account balance$67,326
Benefits paid to participants$6,554,319
Plan auditUnmodified (clean) audit opinion
AuditorMOORE COLSON & COMAPNY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$38.2M · 568 accts · $429K emplr
2023$35.9M · 517 accts · $423K emplr
2022$29.9M · 500 accts · $394K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$156,744
Total administrative$156,744
The Bennett Motor Express Management, Inc. 401(k) match · 2024
Employer contribution per active participant$381
Median for plans this size$2,416
2024$381 per active participant
2023$360 per active participant
2022$353 per active participant

Bennett Motor Express Management, 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 · 20243
PRINICPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$157,176
PENSION FINANCIAL SERVICES, INC. · Other servicesindirect comp
CAMBRIDGE INVESTMENT RESEARCH ADVIS · Investment advisory (plan)indirect 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$156,744 · 0.42%
2023$133,369 · 0.41%
2022$140,487 · 0.42%
Same employer
Similar plansTransportation & Warehousing · Georgia
Tirehub, LLC GA$64.7M · 0.48%
Capstone Logistics, LLC GA$50.3M · 0.93%
Lazer Spot, Inc. GA$46.4M · 0.59%
Epps Air Service, LLC GA$35.5M · 0.27%
Phoenix Air Group, Inc. GA$26.9M · 0.23%
Bgdc Distribution LLC GA$18.8M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581751514 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.