Plan Ledger DOL Form 5500 · updated monthly

Centerline Logistics Corporation401(k)

CENTERLINE LOGISTICS CORPORATION 401(K) RETIREMENT SAVINGS PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Centerline Logistics Corporation reported $172,096 in plan administrative expenses for 2024: 0.27% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,847 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 0.29% to 0.27%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is the 257th-largest of 1,714 plans among Washington employers on file, and the 72nd of 945 in agriculture, forestry & fishing. In 2024, employees put in $2.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$68,273,424
Participants with balances872
Active participants700
Employer contributions$2,693,110
Employee contributions$5,946,193
Employer contribution per active participant$3,847
Average account balance$78,295
Benefits paid to participants$9,712,167
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$68.3M · 872 accts · $2.7M emplr
2023$61.2M · 890 accts · $2.6M emplr
2022$51.8M · 831 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$108,934
Investment management$44,213
Total administrative$172,096
The Centerline Logistics Corporation 401(k) match · 2024
Employer contribution per active participant$3,847
Median for plans this size$3,635
2024$3,847 per active participant
2023$3,585 per active participant
2022$3,084 per active participant

Centerline Logistics Corporation's 2024 employer contribution ran above the $3,635 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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$108,933
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$63,162

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$172,096 · 0.27%
2023$143,874 · 0.25%
2022$157,664 · 0.29%
Same employer
Similar plansAgriculture, Forestry & Fishing · Washington
Zirkle Fruit Company WA$81.2M · 0.33%
Stemilt Growers, LLC WA$64.7M · 0.42%
Glacier Fish Company, LLC WA$47.3M · 0.19%
Arctic Storm, Inc. WA$33.4M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911913474 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.