Plan Ledger DOL Form 5500 · updated monthly

Liberty Truck Center Inc401(k)

ONVO 401K PLAN · SCRANTON, PA · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Liberty Truck Center Inc reported $49,249 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $649 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 0.57% to 0.74%. 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 Pennsylvania (2,595th of 3,651), and 3,183rd of 5,215 in retail trade. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has grown from 473 to 574 since 2022.

Plan summary
Net assets, end of year$7,414,172
Participants with balances262
Active participants574
Employer contributions$372,241
Employee contributions$677,677
Employer contribution per active participant$649
Average account balance$28,298
Benefits paid to participants$312,656
Plan auditUnmodified (clean) audit opinion
AuditorROBERT ROSSI & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 262 accts · $372K emplr
2023$6.0M · 236 accts · $321K emplr
2022$4.5M · 177 accts · $187K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,090
Investment management$42,159
Total administrative$49,249
The Liberty Truck Center Inc 401(k) match · 2024
Employer contribution per active participant$649
Median for plans this size$1,313
2024$649 per active participant
2023$630 per active participant
2022$395 per active participant

Liberty Truck Center 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$43,069
STRATEGIC PLAN SERVICES · Recordkeeping · Trustee$6,179

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, STRATEGIC PLAN SERVICES
2023ADP

This plan has changed recordkeepers within these filings. If you left Liberty Truck Center Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$49,249 · 0.74%
2023$39,828 · 0.76%
2022$19,610 · 0.57%
Same employer
Similar plansRetail Trade · Pennsylvania
S. Clyde Weaver, Inc. PA$8.1M · 0.28%
Braceys Supermarket, Inc. PA$7.9M · 0.12%
Boyds, L.P. PA$7.6M · 0.07%
Jh Bennett, Inc. PA$7.1M · 0.87%
C. Harper Chevrolet, Inc. PA$6.9M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232581761 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.