Plan Ledger DOL Form 5500 · updated monthly

Best Transportation Services LLC401(k)

BEST TRANSPORTATION SERVICES LLC 401K PLAN · NEWARK, NJ · plan year 2024

Reported admin expense ratio · 2024
1.15%

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

Best Transportation Services LLC reported $25,831 in plan administrative expenses for 2024: 1.15% of average plan assets, higher than ~75% of peers. Employer contributions averaged $611 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 1.15%. 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 New Jersey (2,101st of 2,419), and 2,032nd of 2,677 in transportation & warehousing. In 2024, employees put in $9.38 for every $1.00 the employer contributed; active participation has shrunk from 100 to 85 since 2022.

Plan summary
Net assets, end of year$2,452,822
Participants with balances108
Active participants85
Employer contributions$51,958
Employee contributions$487,201
Employer contribution per active participant$611
Average account balance$22,711
Benefits paid to participants$393,725
Plan auditUnmodified (clean) audit opinion
AuditorSMOLIN LUPIN & CO. LLC
Plan history3
Yearassets · accounts · employer contribution
2024$2.5M · 108 accts · $52K emplr
2023$2.0M · 113 accts · $65K emplr
2022$1.7M · 123 accts · $39K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,841
Investment management$14,990
Total administrative$25,831
The Best Transportation Services LLC 401(k) match · 2024
Employer contribution per active participant$611
Median for plans this size$1,313
2024$611 per active participant
2023$759 per active participant
2022$394 per active participant

Best Transportation Services LLC's 2024 employer contribution ran below the $1,313 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
ADP, INC. · Recordkeeping$19,384
CADARET GRANT & CO INC · Recordkeeping · Pension consulting$11,006
ADP BROKER-DEALERindirect 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
2024ADP, CADARET GRANT & CO INC
2023ADP, RESOURCES INVESTMENT ADVISORS, INC.

This plan has changed recordkeepers within these filings. If you left Best Transportation Services LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$25,831 · 1.15%
2023$17,325 · 0.92%
2022$19,663 · 1.16%
Similar plansTransportation & Warehousing · New Jersey
Gst Transport Corp. NJ$3.1M · 0.81%
All Season Movers, Inc. NJ$3.0M · 0.00%
Capacity LLC NJ$2.4M · 0.56%
Holcomb Enterprise NJ$2.3M · 0.90%
Etb Holdings, Inc. NJ$2.3M · 1.14%
Borne Holding Co., Inc. NJ$2.3M · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 223591323 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.