Plan Ledger DOL Form 5500 · updated monthly

Boone Transportation, Inc.Profit-sharing plan

BOONE TRANSPORTATION, INC. RETIREMENT PLAN · ANTHONY, NM · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Boone Transportation, Inc. reported $1,118 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,316 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 0.03% to 0.02%. 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 Mexico (192nd of 290), and 1,640th of 2,677 in transportation & warehousing. active participation has grown from 126 to 148 since 2022.

Plan summary
Net assets, end of year$4,961,304
Participants with balances141
Active participants148
Employer contributions$194,700
Employee contributions$0
Employer contribution per active participant$1,316
Average account balance$35,187
Benefits paid to participants$133,439
Plan auditUnmodified (clean) audit opinion
AuditorGIBSON RUDDOCK PATTERSON LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 141 accts · $195K emplr
2023$4.5M · 140 accts · $190K emplr
2022$4.0M · 135 accts · $185K emplr
Employer contributions to the Boone Transportation, Inc. plan · 2024
Employer contribution per active participant$1,316
Median for plans this size$1,313
2024$1,316 per active participant
2023$1,505 per active participant
2022$1,466 per active participant

Boone Transportation, 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 · 20241
MUTUAL OF AMERICA INVESTMENT CORP · Claims processing · Recordkeeping$1,595

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

Recordkeeper by year2
2024Mutual of America
2023Mutual of America

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

Administrative cost history3
2024$1,118 · 0.02%
2023$1,915 · 0.05%
2022$1,080 · 0.03%
Similar plansTransportation & Warehousing · New Mexico
Mvt Holdings, LLC NM$39.1M · 0.52%
Mvt Holdings, LLC NM$26.7M · 0.54%
M & R Trucking, Inc. NM$2.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850265591 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.