Plan Ledger DOL Form 5500 · updated monthly

Heyl Truck Lines Inc.401(k)

HEYL COMPANIES 401(K) PLAN · AKRON, IA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Heyl Truck Lines Inc. reported $31,886 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $293 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 0.27% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Iowa (561st of 878), and the 1,113th of 2,677 in transportation & warehousing. In 2024, employees put in $6.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,692,435
Participants with balances312
Active participants553
Employer contributions$161,849
Employee contributions$1,023,629
Employer contribution per active participant$293
Average account balance$34,271
Benefits paid to participants$2,276,431
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 312 accts · $162K emplr
2023$10.4M · 320 accts · $182K emplr
2022$9.0M · 336 accts · $186K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,886
Total administrative$31,886
The Heyl Truck Lines Inc. 401(k) match · 2024
Employer contribution per active participant$293
Median for plans this size$2,416
2024$293 per active participant
2023$296 per active participant
2022$345 per active participant

Heyl Truck Lines Inc.'s 2024 employer contribution ran below the $2,416 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
ADP, INC. · Loan processing · Recordkeeping$31,886
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$31,886 · 0.30%
2023$27,507 · 0.28%
2022$25,861 · 0.27%
Similar plansTransportation & Warehousing · Iowa
Schuster Co Inc IA$15.3M · 0.55%
Nor-Am, Inc. IA$13.9M · 0.94%
Windstar Lines, Inc. IA$7.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420982149 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.