Plan Ledger DOL Form 5500 · updated monthly

Brown Truck Leasing Corporation401(k)

BROWN TRUCK LEASING CORPORATION 401(K) PROFIT SHARING PLAN · URBANDALE, IA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Brown Truck Leasing Corporation reported $31,121 in plan administrative expenses for 2024: 0.41% of average plan assets, below the peer median. Employer contributions averaged $456 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 0.34% to 0.41%. 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 Iowa (616th of 878), and 1,235th of 2,096 in real estate & leasing. In 2024, employees put in $4.54 for every $1.00 the employer contributed; active participation has grown from 209 to 247 since 2022.

Plan summary
Net assets, end of year$8,271,780
Participants with balances105
Active participants247
Employer contributions$112,536
Employee contributions$511,286
Employer contribution per active participant$456
Average account balance$78,779
Benefits paid to participants$298,931
Plan auditUnmodified (clean) audit opinion
AuditorDENMAN CPA LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 105 accts · $113K emplr
2023$6.8M · 108 accts · $83K emplr
2022$6.0M · 109 accts · $111K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,998
Investment management$18,123
Total administrative$31,121
The Brown Truck Leasing Corporation 401(k) match · 2024
Employer contribution per active participant$456
Median for plans this size$1,313
2024$456 per active participant
2023$457 per active participant
2022$531 per active participant

Brown Truck Leasing Corporation'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 · 20242
OSAIC WEALTH INC · Investment advisory (plan)$18,123
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$12,998

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$31,121 · 0.41%
2023$21,902 · 0.34%
2022$19,971 · 0.34%
Similar plansReal Estate & Leasing · Iowa
R&R Invest, Inc. IA$31.1M · 0.22%
Duke Aerial, Inc. IA$20.8M · 0.39%
Worley Warehousing, Inc. IA$13.7M · 0.32%
Alpha Operations, LLC IA$459K · 7.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420636827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.