Plan Ledger DOL Form 5500 · updated monthly

Fleet Driver Service, Inc.401(k)

FLEET DRIVER SERVICE, INC. 401(K) PLAN · RUSSELLVILLE, AL · plan year 2023

Reported admin expense ratio · 2023
7.09%

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

Fleet Driver Service, Inc. reported $34,657 in plan administrative expenses for 2023: 7.09% of average plan assets, higher than ~90% of peers. Employer contributions averaged $136 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 rose from 6.27% to 9.25%. The plan sits in the under $1M size bracket, benchmarked here against 1,192 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Alabama (872nd of 902), and 2,283rd of 2,534 in administrative & support services. In 2023, employees put in $9.18 for every $1.00 the employer contributed; active participation has grown from 248 to 279 since 2022.

Plan summary
Net assets, end of year$683,591
Participants with balances319
Active participants279
Employer contributions$37,820
Employee contributions$347,229
Employer contribution per active participant$136
Average account balance$2,143
Benefits paid to participants$43,581
Plan auditUnmodified (clean) audit opinion
AuditorDIPIAZZA LAROCCA HEETER & CO, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$393K · 187 accts · $10K emplr
2023$684K · 319 accts · $38K emplr
2022$294K · 250 accts · $28K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$34,657
Total administrative$34,657
The Fleet Driver Service, Inc. 401(k) match · 2023
Employer contribution per active participant$136
Median for plans this size$522
2024$364 per active participant
2023$136 per active participant
2022$115 per active participant

Fleet Driver Service, Inc.'s 2023 employer contribution ran below the $522 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
ERISA SERVICES OF ALABAMA, LLC · Recordkeeping · Loan processing$22,081
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$12,477

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

Recordkeeper by year2
2024ERISA SERVICES OF ALABAMA, LLC, Transamerica
2023ERISA SERVICES OF ALABAMA, LLC, Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$49,820 · 9.25%
2023$34,657 · 7.09%
2022$18,403 · 6.27%
Same employer
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Itac Solutions AL$1.3M · 0.03%
Tpg Telemanagement, Inc AL$800K · 2.22%
Cu Employment, Inc. AL$639K · 0.19%
Ask Telemarketing, Inc. AL$605K · 0.88%
Uptain Group, Inc. AL$522K · 4.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453685803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.