Plan Ledger DOL Form 5500 · updated monthly

Liberty-Kenworth-Hino Truck Sales, Inc.401(k)

LIBERTY KENWORTH 401(K) PROFIT SHARING PLAN · SWEDESBORO, NJ · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Liberty-Kenworth-Hino Truck Sales, Inc. reported $7,538 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $576 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 0.03% to 0.08%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in New Jersey (1,539th of 2,419), and 2,684th of 5,215 in retail trade. In 2024, employees put in $7.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,675,586
Participants with balances141
Active participants178
Employer contributions$102,597
Employee contributions$805,781
Employer contribution per active participant$576
Average account balance$68,621
Benefits paid to participants$1,139,313
Plan auditUnmodified (clean) audit opinion
AuditorDUNLAPSLK,P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$9.7M · 141 accts · $103K emplr
2023$8.8M · 132 accts · $101K emplr
2022$7.5M · 134 accts · $96K emplr
Administrative expenses, itemized · 2024
Investment management$7,538
Total administrative$7,538
The Liberty-Kenworth-Hino Truck Sales, Inc. 401(k) match · 2024
Employer contribution per active participant$576
Median for plans this size$1,313
2024$576 per active participant
2023$570 per active participant
2022$592 per active participant

Liberty-Kenworth-Hino Truck Sales, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$1,898

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$7,538 · 0.08%
2023$4,028 · 0.05%
2022$2,574 · 0.03%
Similar plansRetail Trade · New Jersey
Mary-Lawrence Corp. NJ$10.3M · 0.86%
Phillipsburg Easton Honda NJ$9.0M · 0.05%
Ethos Beauty Partners NJ$9.0M · 0.53%
The Brauer Group II, Inc. NJ$8.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232622471 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.