Plan Ledger DOL Form 5500 · updated monthly

J. R. Tharpe Trucking Company, Inc.401(k)

J. R. THARPE EMPLOYEE RETIREMENT PLAN · RICE, VA · plan year 2024

Reported admin expense ratio · 2024
2.16%

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

J. R. Tharpe Trucking Company, Inc. reported $14,575 in plan administrative expenses for 2024: 2.16% of average plan assets, above the peer median. Employer contributions averaged $948 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 1 year on file its reported administrative ratio rose from 0.75% to 2.16%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Virginia (2,187th of 2,266), and 2,329th of 2,677 in transportation & warehousing. In 2024, employees put in $1.73 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$870,048
Participants with balances96
Active participants139
Employer contributions$131,767
Employee contributions$227,406
Employer contribution per active participant$948
Average account balance$9,063
Benefits paid to participants$82,316
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$870K · 96 accts · $132K emplr
2023$481K · 117 accts · $117K emplr
The J. R. Tharpe Trucking Company, Inc. 401(k) match · 2024
Employer contribution per active participant$948
Median for plans this size$540
2024$948 per active participant
2023$920 per active participant

J. R. Tharpe Trucking Company, Inc.'s 2024 employer contribution ran above the $540 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
RETIREMENT PLAN SOLUTIONS INC · Contract administrator$3,301
MERRILL LYNCH PIERCE FENNER · Investment advisory (plan)$2,378
EMPOWER ADVISORY GROUP, LLC · Investment management$124

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

Administrative cost history2
2024$14,575 · 2.16%
2023$3,618 · 0.75%
Same employer
Similar plansTransportation & Warehousing · Virginia
James River Carriers LLC VA$1.4M · 0.76%
Victory van Corporation VA$1.3M · 0.00%
Virginia Regional Transit VA$1.3M · 0.17%
Fast Track Ems, LLC VA$846K · 0.47%
Kts Solutions, Inc. VA$839K · 0.63%
Pendulum Delivery LLC VA$639K · 0.50%
A1 Shipping LLC VA$489K · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541133750 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.