Plan Ledger DOL Form 5500 · updated monthly

Freightwise, LLC401(k)

FREIGHTWISE, LLC RETIREMENT PLAN · BRENTWOOD, TN · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Freightwise, LLC reported $25,083 in plan administrative expenses for 2024: 0.54% of average plan assets, above the peer median. Employer contributions averaged $4,391 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 $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 Tennessee (1,054th of 1,496), and 9,691st of 11,654 in professional & technical services. In 2024, employees put in $1.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,287,013
Participants with balances159
Active participants104
Employer contributions$456,639
Employee contributions$892,014
Employer contribution per active participant$4,391
Average account balance$33,252
Benefits paid to participants$1,054,253
Plan auditUnmodified (clean) audit opinion
AuditorFRAZIER DEETER, LLC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,968
Investment management$115
Total administrative$25,083
The Freightwise, LLC 401(k) match · 2024
Employer contribution per active participant$4,391
Median for plans this size$1,313

Freightwise, LLC'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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$16,321
TRINITY PENSION CONSULTANTS, INC. · Recordkeeping · Loan processing$8,446
BANK OF AMERICA NA · Investment advisory (plan)$115

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

Administrative cost history1
2024$25,083 · 0.54%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Iostudio, LLC TN$6.3M · 0.53%
Halo Dx, Inc. TN$5.8M · 0.51%
Principle USA, Inc. TN$5.4M · 0.38%
Med Communications, Inc. TN$5.1M · 0.76%
Skuid, Inc. TN$5.0M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471945352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.