Plan Ledger DOL Form 5500 · updated monthly

Ground Transport, Inc.401(k)

GROUND TRANSPORT, INC. 401(K) PROFIT SHARING PLAN · HONOLULU, HI · plan year 2024

Reported admin expense ratio · 2024
0.82%

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

Ground Transport, Inc. reported $50,970 in plan administrative expenses for 2024: 0.82% of average plan assets, above the peer median. Employer contributions averaged $782 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 0.50% to 0.82%. 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 Hawaii (189th of 269), and 1,442nd of 2,677 in transportation & warehousing. In 2024, employees put in $2.05 for every $1.00 the employer contributed; active participation has grown from 180 to 213 since 2022.

Plan summary
Net assets, end of year$6,607,081
Participants with balances229
Active participants213
Employer contributions$166,552
Employee contributions$342,230
Employer contribution per active participant$782
Average account balance$28,852
Benefits paid to participants$473,961
Plan auditUnmodified (clean) audit opinion
AuditorKMH LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.6M · 229 accts · $167K emplr
2023$5.9M · 220 accts · $233K emplr
2022$5.0M · 209 accts · $200K emplr
Administrative expenses, itemized · 2024
Investment management$50,970
Total administrative$50,970
The Ground Transport, Inc. 401(k) match · 2024
Employer contribution per active participant$782
Median for plans this size$1,313
2024$782 per active participant
2023$1,216 per active participant
2022$1,111 per active participant

Ground Transport, Inc.'s 2024 employer contribution ran below 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 · 20243
PENSION SERVICES CORPORATION · Contract administrator$20,000
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$14,395

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

Administrative cost history3
2024$50,970 · 0.82%
2023$26,591 · 0.49%
2022$24,633 · 0.50%
Similar plansTransportation & Warehousing · Hawaii
Pacific Transfer LLC HI$14.8M · 0.45%
Paradise Cruise, LTD. HI$8.5M · 0.28%
M. Dyer & Sons, Inc. HI$7.4M · 0.11%
Pineridge Farms, Inc HI$4.9M · 0.87%
E Noa Corporation HI$3.4M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 990284114 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.