Plan Ledger DOL Form 5500 · updated monthly

Illinois Auto Truck Co., Inc.401(k)

ILLINOIS AUTO TRUCK CO., INC. PROFIT SHARING & SAVINGS PLAN · DES PLAINES, IL · plan year 2023

Reported admin expense ratio · 2023
0.79%

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

Illinois Auto Truck Co., Inc. reported $81,086 in plan administrative expenses for 2023: 0.79% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,622 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 0.62% to 0.81%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,317th of 3,702), and 8,448th of 13,661 in manufacturing. In 2023, employees put in $1.23 for every $1.00 the employer contributed; active participation has grown from 48 to 65 since 2022.

Plan summary
Net assets, end of year$10,797,345
Participants with balances159
Active participants65
Employer contributions$105,424
Employee contributions$129,455
Employer contribution per active participant$1,622
Average account balance$67,908
Benefits paid to participants$607,679
Plan auditUnmodified (clean) audit opinion
AuditorGIMBEL ABRAMS + SINGER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$10.3M · 176 accts · $101K emplr
2023$10.8M · 159 accts · $105K emplr
2022$9.6M · 190 accts · $95K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$81,086
Total administrative$81,086
The Illinois Auto Truck Co., Inc. 401(k) match · 2023
Employer contribution per active participant$1,622
Median for plans this size$2,440
2024$1,553 per active participant
2023$1,622 per active participant
2022$1,975 per active participant

Illinois Auto Truck Co., Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$84,909 · 0.81%
2023$81,086 · 0.79%
2022$64,014 · 0.62%
Similar plansManufacturing · Illinois
Certor Sports, LLC IL$11.0M · 0.05%
Stampede Meat, Inc. IL$10.9M · 0.75%
American Louver Company IL$10.8M · 0.55%
Wise Plastics Technologies IL$10.8M · 0.83%
Fabrik Industries, Inc. IL$10.6M · 0.48%
Signcraft Screenprint, Inc. IL$10.6M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362510691 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.