Plan Ledger DOL Form 5500 · updated monthly

Herrera School Buses and Coaches, Inc.401(k)

HERRERA SCHOOL BUSES AND COACHES, INC. RETIREMENT PLAN · ALBUQUERQUE, NM · plan year 2025

Reported admin expense ratio · 2025
0.13%

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

Herrera School Buses and Coaches, Inc. reported $6,367 in plan administrative expenses for 2025: 0.13% of average plan assets, lower than ~75% of peers. Employer contributions averaged $713 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 3 years on file its reported administrative ratio fell from 0.21% to 0.13%. The plan sits in the $1M–$10M size bracket, benchmarked here against 809 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New Mexico (186th of 290), and 1,578th of 2,677 in transportation & warehousing. In 2025, employees put in $2.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,452,992
Participants with balances170
Active participants171
Employer contributions$121,912
Employee contributions$278,011
Employer contribution per active participant$713
Average account balance$32,076
Benefits paid to participants$211,375
Plan auditUnmodified (clean) audit opinion
AuditorSJT GROUP LLC
Plan history4
Yearassets · accounts · employer contribution
2025$5.5M · 170 accts · $122K emplr
2024$4.3M · 154 accts · $31K emplr
2023$3.7M · 165 accts · $30K emplr
2022$3.2M · 174 accts · $29K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$6,367
Total administrative$6,367
The Herrera School Buses and Coaches, Inc. 401(k) match · 2025
Employer contribution per active participant$713
Median for plans this size$1,464
2025$713 per active participant
2024$204 per active participant
2023$194 per active participant
2022$162 per active participant

Herrera School Buses and Coaches, Inc.'s 2025 employer contribution ran below the $1,464 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$6,366

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

Administrative cost history4
2025$6,367 · 0.13%
2024$7,496 · 0.19%
2023$5,547 · 0.16%
2022$7,631 · 0.21%
Similar plansTransportation & Warehousing · New Mexico
Mvt Holdings, LLC NM$39.1M · 0.52%
Mvt Holdings, LLC NM$26.7M · 0.54%
M & R Trucking, Inc. NM$2.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850285702 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.