Plan Ledger DOL Form 5500 · updated monthly

Fsr Trucking, Inc. dba Postal Carrier Corp.401(k)

FSR TRUCKING, INC. PREVAILING WAGE PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
3.09%

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

Fsr Trucking, Inc. dba Postal Carrier Corp. reported $68,540 in plan administrative expenses for 2024: 3.09% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,664 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 4.04% to 3.09%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (3,045th of 3,644), and 2,066th of 2,677 in transportation & warehousing. In 2024, the employer put in $4.94 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,279,885
Participants with balances346
Active participants199
Employer contributions$331,047
Employee contributions$66,993
Employer contribution per active participant$1,664
Average account balance$6,589
Benefits paid to participants$405,984
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.3M · 346 accts · $331K emplr
2023$2.2M · 345 accts · $368K emplr
2022$2.0M · 328 accts · $484K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,774
Investment management$5,066
Audit (IQPA)$14,700
Total administrative$68,540
The Fsr Trucking, Inc. dba Postal Carrier Corp. 401(k) match · 2024
Employer contribution per active participant$1,664
Median for plans this size$1,313
2024$1,664 per active participant
2023$1,752 per active participant
2022$2,362 per active participant

Fsr Trucking, Inc. dba Postal Carrier Corp.'s 2024 employer contribution ran above the $1,313 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$25,708
THE BENEFIT PRACTICE · Recordkeeping · Loan processing$24,692
COHN REZNICK LLP · Accounting / audit$14,700
J.P. MORGAN SECURITIES LLC · Investment advisory (participants) · Investment advisory (plan)$5,066

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

Recordkeeper by year2
2024THE BENEFIT PRACTICE, Transamerica
2023THE BENEFIT PRACTICE, Transamerica

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

Administrative cost history3
2024$68,540 · 3.09%
2023$53,292 · 2.57%
2022$87,474 · 4.04%
Same employer
Similar plansTransportation & Warehousing · Florida
Laparkan Trading, LTD FL$2.8M · 0.70%
Bynum Transport, Inc. FL$2.3M · 0.80%
Ralph'Stransfer Co., Inc FL$2.1M · 0.14%
Prp Logistics LLC FL$2.0M · 1.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650940605 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.