Plan Ledger DOL Form 5500 · updated monthly

Cassens Transport Company401(k)

CASSENS RETIREMENT PLAN · EDWARDSVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Cassens Transport Company reported $141,205 in plan administrative expenses for 2024: 0.24% of average plan assets, higher than ~75% of peers. Employer contributions averaged $10,374 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 0.26% to 0.24%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 785th-largest of 3,702 plans among Illinois employers on file, and the 337th of 2,677 in transportation & warehousing. In 2024, the employer put in $2.98 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$61,479,939
Participants with balances204
Active participants181
Employer contributions$1,877,684
Employee contributions$629,972
Employer contribution per active participant$10,374
Average account balance$301,372
Benefits paid to participants$3,066,111
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.5M · 204 accts · $1.9M emplr
2023$56.2M · 255 accts · $1.9M emplr
2022$48.9M · 242 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,660
Investment management$103,878
Trustee / custodial$3,667
Total administrative$141,205
The Cassens Transport Company 401(k) match · 2024
Employer contribution per active participant$10,374
Median for plans this size$3,635
2024$10,374 per active participant
2023$9,853 per active participant
2022$10,126 per active participant

Cassens Transport Company's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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
EPIC RETIREMENT PLAN SERVICES · Plan administrator · Recordkeeping$33,660
BUSEY WEALTH MANAGEMENT · Accounting / audit · Trustee (discretionary)$103,878

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

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Administrative cost history3
2024$141,205 · 0.24%
2023$135,556 · 0.26%
2022$140,491 · 0.26%
All plans at this employer2
CASSENS RETIREMENT PLAN401(k)
CASSENS TRANSPORT COMPANY ET AL UNION 401(K) PLAN401(k)
Same employer
Similar plansTransportation & Warehousing · Illinois
Long Iron Services LLC IL$102.2M · 0.22%
Quantix Scs, LLC IL$85.2M · 0.15%
Stg Logistics, Inc. IL$63.9M · 0.50%
Beelman Truck Company IL$45.1M · 0.58%
Redwood Logistics, LLC IL$44.7M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 370209195 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.