Plan Ledger DOL Form 5500 · updated monthly

Bentley Truck Services, Inc.401(k)

BENTLEY TRUCK SERVICES, INC. 401(K) PROFIT SHARING PLAN AND TRUST · LOGAN TWP, NJ · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Bentley Truck Services, Inc. reported $69,690 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,195 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 fell from 0.93% to 0.87%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in New Jersey (1,574th of 2,419), and 1,735th of 3,341 in other services. In 2024, employees put in $2.03 for every $1.00 the employer contributed; active participation has grown from 144 to 173 since 2022.

Plan summary
Net assets, end of year$9,133,828
Participants with balances180
Active participants173
Employer contributions$379,692
Employee contributions$768,984
Employer contribution per active participant$2,195
Average account balance$50,743
Benefits paid to participants$476,651
Plan auditDisclaimer of opinion
AuditorMORISON COGEN
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 180 accts · $380K emplr
2023$6.9M · 162 accts · $315K emplr
2022$5.1M · 139 accts · $264K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,690
Total administrative$69,690
The Bentley Truck Services, Inc. 401(k) match · 2024
Employer contribution per active participant$2,195
Median for plans this size$1,313
2024$2,195 per active participant
2023$1,982 per active participant
2022$1,830 per active participant

Bentley Truck Services, 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$69,690
GLOBAL RETIREMENT PARTNERS LLC · 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$69,690 · 0.87%
2023$57,137 · 0.95%
2022$52,196 · 0.93%
Similar plansOther Services · New Jersey
I.B.E.W. Local 1158 NJ$11.6M · 0.98%
Ncaar-Bh NJ$9.8M · 0.78%
Kingsway Learning Center NJ$9.1M · 0.68%
Pumpman Holdings LLC NJ$8.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232634636 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.