Plan Ledger DOL Form 5500 · updated monthly

Bulk Transit Corporation401(k)

BULK & SPUR 401K PLAN · PLAIN CITY, OH · plan year 2023

Reported admin expense ratio · 2023
0.76%

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

Bulk Transit Corporation reported $55,080 in plan administrative expenses for 2023: 0.76% of average plan assets, above the peer median. Employer contributions averaged $1,357 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 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Ohio (2,219th of 3,295), and the 1,314th of 2,677 in transportation & warehousing. In 2023, employees put in $2.10 for every $1.00 the employer contributed; active participation has grown from 171 to 191 since 2022.

Plan summary
Net assets, end of year$7,782,929
Participants with balances123
Active participants191
Employer contributions$259,183
Employee contributions$544,378
Employer contribution per active participant$1,357
Average account balance$63,276
Benefits paid to participants$902,242
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 118 accts · $271K emplr
2023$7.8M · 123 accts · $259K emplr
2022$6.7M · 121 accts · $258K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$31,314
Investment management$17,366
Audit (IQPA)$6,400
Total administrative$55,080
The Bulk Transit Corporation 401(k) match · 2023
Employer contribution per active participant$1,357
Median for plans this size$1,308
2024$1,373 per active participant
2023$1,357 per active participant
2022$1,509 per active participant

Bulk Transit Corporation's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
THE SIEKMANN COMPANY · Contract administrator · Valuation$17,366
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$1,114
PW PARTNERS, LLC · Accounting / audit$6,400

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, THE SIEKMANN COMPANY
2023John Hancock, THE SIEKMANN COMPANY

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Administrative cost history3
2024$51,134 · 0.66%
2023$55,080 · 0.76%
2022$43,293 · 0.58%
Same employer
Similar plansTransportation & Warehousing · Ohio
Bbi Logistics, LLC OH$8.2M · 1.70%
Bestway Motor Lines, Inc. OH$7.1M · 0.90%
Home Run, Inc. OH$6.9M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311314380 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.