Plan Ledger DOL Form 5500 · updated monthly

Choice Logistics, Inc.401(k)

CHOICE LOGISTICS, INC. 401(K) SAVINGS PLAN · WAYNE, PA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Choice Logistics, Inc. reported $54,567 in plan administrative expenses for 2024: 0.58% of average plan assets, above the peer median. Employer contributions averaged $3,311 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 0.61% to 0.58%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Pennsylvania (2,225th of 3,651), and 7,795th of 11,654 in professional & technical services. In 2024, employees put in $3.19 for every $1.00 the employer contributed; active participation has shrunk from 115 to 99 since 2022.

Plan summary
Net assets, end of year$10,648,497
Participants with balances133
Active participants99
Employer contributions$327,823
Employee contributions$1,047,021
Employer contribution per active participant$3,311
Average account balance$80,064
Benefits paid to participants$802,751
Plan auditUnmodified (clean) audit opinion
AuditorPERELSON WEINER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 133 accts · $328K emplr
2023$8.1M · 136 accts · $337K emplr
2022$6.2M · 143 accts · $273K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,567
Total administrative$54,567
The Choice Logistics, Inc. 401(k) match · 2024
Employer contribution per active participant$3,311
Median for plans this size$1,313
2024$3,311 per active participant
2023$3,177 per active participant
2022$2,370 per active participant

Choice Logistics, Inc.'s 2024 employer contribution ran above the $1,313 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$54,567
LPL FINANCIAL LLC - RPCP · Investment advisory (plan)indirect comp

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$54,567 · 0.58%
2023$45,096 · 0.63%
2022$39,439 · 0.61%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Wellness Coaches USA LLC PA$10.8M · 0.40%
Autosoft Inc PA$10.7M · 0.41%
Tci Holding Company, Inc. PA$10.6M · 0.48%
Covis Pharma US, Inc. PA$10.3M · 0.65%
Pond Lehocky LLP PA$10.1M · 1.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132506628 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.