Plan Ledger DOL Form 5500 · updated monthly

Bestway Rental, Inc.401(k)

BESTWAY RENTAL, INC. 401(K) PLAN · RICHARDSON, TX · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Bestway Rental, Inc. reported $55,900 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $1,075 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 0.58% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Texas (3,262nd of 5,688), and 1,200th of 2,096 in real estate & leasing. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 206 to 250 since 2022.

Plan summary
Net assets, end of year$8,721,282
Participants with balances117
Active participants250
Employer contributions$268,845
Employee contributions$431,678
Employer contribution per active participant$1,075
Average account balance$74,541
Benefits paid to participants$326,915
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 117 accts · $269K emplr
2023$7.8M · 115 accts · $260K emplr
2022$7.4M · 111 accts · $260K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,541
Investment management$47,359
Total administrative$55,900
The Bestway Rental, Inc. 401(k) match · 2024
Employer contribution per active participant$1,075
Median for plans this size$1,313
2024$1,075 per active participant
2023$1,277 per active participant
2022$1,261 per active participant

Bestway Rental, Inc.'s 2024 employer contribution ran below 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 · 20244
RPA FINANCIAL LLC · Investment advisory (plan)$23,299
EMPOWER ADVISORY GROUP, LLC · Investment management$10,601
DEFINITI LLC · Contract administrator$9,550

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$55,900 · 0.68%
2023$41,468 · 0.55%
2022$43,031 · 0.58%
Similar plansReal Estate & Leasing · Texas
MD7, LLC TX$9.3M · 0.50%
Madera Residential TX$8.2M · 1.14%
Encore Enterprises, Inc. TX$8.0M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810332743 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.