Plan Ledger DOL Form 5500 · updated monthly

Convoy, Inc.401(k)

CONVOY 401(K) PLAN · SEATTLE, WA · plan year 2022

Reported admin expense ratio · 2022
0.24%

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

Convoy, Inc. reported $81,171 in plan administrative expenses for 2022: 0.24% of average plan assets, below the peer median. Employer contributions averaged $0 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 1 year on file its reported administrative ratio rose from 0.24% to 0.70%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 465th-largest of 1,714 plans among Washington employers on file, and the 501st of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$34,797,559
Participants with balances1,512
Active participants909
Employer contributions$0
Employee contributions$10,694,922
Employer contribution per active participant$0
Average account balance$23,014
Benefits paid to participants$3,428,537
Plan auditUnmodified (clean) audit opinion
AuditorSHANNON & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$14.0M · 576 accts
2022$34.8M · 1,512 accts
Administrative expenses, itemized · 2022
Professional / advisory$81,171
Total administrative$81,171
The Convoy, Inc. 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$2,266

Convoy, Inc.'s 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$171,968 · 0.70%
2022$81,171 · 0.24%
Similar plansTransportation & Warehousing · Washington
Gordon Truck Centers, Inc. WA$47.3M · 0.16%
Peninsula Truck Lines, Inc. WA$46.9M · 0.34%
Western Towboat Company WA$44.1M · 0.19%
Transgroup Express, LLC WA$28.3M · 0.53%
Flexe, Inc. WA$23.9M · 0.14%
Highline Grain Growers, Inc WA$22.6M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 473571152 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.