Plan Ledger DOL Form 5500 · updated monthly

Heartland Express, Inc. of Iowa401(k)

HEARTLAND EXPRESS, INC. OF IOWA 401(K) PLAN · NORTH LIBERTY, IA · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Heartland Express, Inc. of Iowa reported $117,567 in plan administrative expenses for 2024: 0.12% of average plan assets, below the peer median. Employer contributions averaged $316 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 0.13% to 0.12%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 90th-largest of 878 plans among Iowa employers on file, and the 235th of 2,677 in transportation & warehousing. In 2024, employees put in $5.52 for every $1.00 the employer contributed; active participation has grown from 1,814 to 2,173 since 2022.

Plan summary
Net assets, end of year$102,593,918
Participants with balances1,397
Active participants2,173
Employer contributions$686,673
Employee contributions$3,791,115
Employer contribution per active participant$316
Average account balance$73,439
Benefits paid to participants$14,538,597
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$102.6M · 1,397 accts · $687K emplr
2023$100.6M · 1,498 accts · $942K emplr
2022$94.4M · 1,663 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Investment management$130,391
Total administrative$117,567
The Heartland Express, Inc. of Iowa 401(k) match · 2024
Employer contribution per active participant$316
Median for plans this size$3,635
2024$316 per active participant
2023$458 per active participant
2022$704 per active participant

Heartland Express, Inc. of Iowa's 2024 employer contribution ran below the $3,635 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$76,155
CAPTRUST · Investment advisory (plan)$54,368

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$117,567 · 0.12%
2023$108,835 · 0.11%
2022$138,964 · 0.13%
Same employer
Similar plansTransportation & Warehousing · Iowa
Annett Holdings, Inc. IA$418.5M · 0.00%
Ruan Transport Corporation IA$299.6M · 0.23%
Crst Expedited Inc IA$100.6M · 0.36%
10 Roads Express IA$63.0M · 0.29%
Van Wyk, Inc. IA$30.2M · 0.30%
Decker Truck Line, Inc. IA$30.1M · 0.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 420758403 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.