Plan Ledger DOL Form 5500 · updated monthly

Cedar Rapids Truck Center, Inc.401(k)

GRASK TRUCK GROUP, INC. 401(K) PLAN · DAVENPORT, IA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Cedar Rapids Truck Center, Inc. reported $12,381 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,292 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 1 year on file its reported administrative ratio rose from 0.11% to 0.12%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Iowa (566th of 878), and the 2,542nd of 5,215 in retail trade. In 2024, employees put in $2.69 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,473,500
Participants with balances146
Active participants240
Employer contributions$310,019
Employee contributions$833,444
Employer contribution per active participant$1,292
Average account balance$71,736
Benefits paid to participants$1,449,711
Plan auditUnmodified (clean) audit opinion
AuditorWELGAARD
Plan history2
Yearassets · accounts · employer contribution
2024$10.5M · 146 accts · $310K emplr
2023$9.7M · 145 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,749
Investment management$5,632
Total administrative$12,381
The Cedar Rapids Truck Center, Inc. 401(k) match · 2024
Employer contribution per active participant$1,292
Median for plans this size$2,416
2024$1,292 per active participant
2023$1,639 per active participant

Cedar Rapids Truck Center, Inc.'s 2024 employer contribution ran below the $2,416 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
EMPOWER ADVISORY GROUP, LLC · Investment management$5,632

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

Administrative cost history2
2024$12,381 · 0.12%
2023$8,182 · 0.11%
Similar plansRetail Trade · Iowa
Dan Deery Motor Co. IA$15.9M · 0.30%
Pritchard Auto Company IA$11.6M · 0.43%
Qsc, LLC IA$10.9M · 0.33%
Elliott Oil Company IA$9.9M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421004970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.