Plan Ledger DOL Form 5500 · updated monthly

First Class Services, Inc.401(k)

FIRST CLASS RETIREMENT SAVINGS PLAN · LEWISPORT, KY · plan year 2022

Reported admin expense ratio · 2022
1.40%

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

First Class Services, Inc. reported $8,660 in plan administrative expenses for 2022: 1.40% of average plan assets, above the peer median. Employer contributions averaged $404 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Kentucky (849th of 871), and 2,388th of 2,677 in transportation & warehousing. In 2022, employees put in $2.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$617,602
Participants with balances27
Active participants104
Employer contributions$42,065
Employee contributions$106,948
Employer contribution per active participant$404
Average account balance$22,874
Benefits paid to participants$29,675
Plan auditDisclaimer of opinion
AuditorKING & COMPANY CPA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$8,660
Total administrative$8,660
The First Class Services, Inc. 401(k) match · 2022
Employer contribution per active participant$404
Median for plans this size$331

First Class Services, Inc.'s 2022 employer contribution ran above the $331 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$8,660 · 1.40%
Similar plansTransportation & Warehousing · Kentucky
Pyles Transport Inc. KY$919K · 0.57%
Hill Transportation Inc. KY$586K · 2.21%
Tco, LLC KY$583K
Gosshall Systems, LLC. KY$113K · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611160964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.