Plan Ledger DOL Form 5500 · updated monthly

Hirschbach Motor Lines, Inc.401(k)

HIRSCHBACH COMPANIES 401(K) PROFIT SHARING PLAN · DUBUQUE, IA · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Hirschbach Motor Lines, Inc. reported $163,900 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $352 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 0.13% to 0.63%. 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 the 305th-largest of 878 plans among Iowa employers on file, and the 557th of 2,677 in transportation & warehousing. In 2024, employees put in $6.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,634,345
Participants with balances1,172
Active participants1,849
Employer contributions$650,056
Employee contributions$4,078,090
Employer contribution per active participant$352
Average account balance$25,285
Benefits paid to participants$8,318,951
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.6M · 1,172 accts · $650K emplr
2023$22.4M · 1,020 accts · $951K emplr
2022$17.6M · 904 accts · $740K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$104,232
Investment management$59,668
Total administrative$163,900
The Hirschbach Motor Lines, Inc. 401(k) match · 2024
Employer contribution per active participant$352
Median for plans this size$2,416
2024$352 per active participant
2023$537 per active participant
2022$362 per active participant

Hirschbach Motor 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
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$43,654
EMPOWER ADVISORY GROUP, LLC · Investment management$16,014

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$163,900 · 0.63%
2023$103,701 · 0.52%
2022$23,291 · 0.13%
Same employer
Similar plansTransportation & Warehousing · Iowa
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%
Hodge Company IA$24.5M · 0.58%
Panama Transfer IA$21.8M · 0.58%
Schuster Co Inc IA$15.3M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420883252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.