Plan Ledger DOL Form 5500 · updated monthly

Blue Water Trucking, Inc.401(k)

BLUE WATER TRUCKING, INC. 401(K) PLAN · BRUCE TOWNSHIP, MI · plan year 2024

Reported admin expense ratio · 2024
1.26%

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

Blue Water Trucking, Inc. reported $33,289 in plan administrative expenses for 2024: 1.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $401 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 1.15% to 1.26%. 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 Michigan (2,271st of 2,619), and 1,973rd of 2,677 in transportation & warehousing. In 2024, employees put in $5.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,793,155
Participants with balances93
Active participants141
Employer contributions$56,471
Employee contributions$282,353
Employer contribution per active participant$401
Average account balance$30,034
Benefits paid to participants$259,572
Plan auditUnmodified (clean) audit opinion
AuditorWEINLANDER FITZHUGH
Plan history3
Yearassets · accounts · employer contribution
2024$2.8M · 93 accts · $56K emplr
2023$2.5M · 96 accts · $60K emplr
2022$2.2M · 100 accts · $60K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,403
Investment management$15,886
Total administrative$33,289
The Blue Water Trucking, Inc. 401(k) match · 2024
Employer contribution per active participant$401
Median for plans this size$1,313
2024$401 per active participant
2023$404 per active participant
2022$415 per active participant

Blue Water Trucking, Inc.'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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$1,350
CAP FINANCIAL PARTNERS, LLC · Investment advisory (participants)$15,682
WILSHIRE ASSOCIATES INC(USA) · Investment advisory (participants)$203

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$33,289 · 1.26%
2023$30,713 · 1.31%
2022$28,892 · 1.15%
Same employer
Similar plansTransportation & Warehousing · Michigan
Roth Trucking, Inc. MI$3.4M · 1.93%
Rls Hutt Regional LLC MI$3.1M · 0.51%
Same Day Delivery, Inc. MI$2.4M · 1.43%
Ralph Moyle, Inc. MI$2.2M · 0.90%
Sweet Express, LLC MI$1.8M · 2.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382250213 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.