Plan Ledger DOL Form 5500 · updated monthly

Long Haul Trucking, Inc.401(k)

LONG HAUL TRUCKING, INC. 401(K) RETIREMENT PLAN · OTSEGO, MN · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Long Haul Trucking, Inc. reported $22,279 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $1,483 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 0.10% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Minnesota (1,407th of 1,918), and the 1,285th of 2,677 in transportation & warehousing. In 2024, employees put in $2.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,088,427
Participants with balances183
Active participants143
Employer contributions$212,064
Employee contributions$525,013
Employer contribution per active participant$1,483
Average account balance$44,199
Benefits paid to participants$877,846
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 183 accts · $212K emplr
2023$7.3M · 186 accts · $223K emplr
2022$6.2M · 196 accts · $176K emplr
Administrative expenses, itemized · 2024
Investment management$22,279
Total administrative$22,279
The Long Haul Trucking, Inc. 401(k) match · 2024
Employer contribution per active participant$1,483
Median for plans this size$1,313
2024$1,483 per active participant
2023$1,557 per active participant
2022$1,143 per active participant

Long Haul Trucking, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20243
MHS ADVISORY SERVICES LLC DBA MHS · Investment advisory (plan)$19,062
EMPOWER ADVISORY GROUP, LLC · Investment management$3,217

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$22,279 · 0.29%
2023$19,370 · 0.29%
2022$6,881 · 0.10%
Same employer
Similar plansTransportation & Warehousing · Minnesota
Fortune Transportation MN$9.6M · 0.67%
Taylor Truck Line Inc. MN$8.7M · 0.12%
Transport Designs, Inc. MN$7.7M · 0.59%
Triangle Warehouse, Inc. MN$6.9M · 0.07%
California Overland, LTD. MN$6.2M · 0.82%
Lefebvre Companies, Inc. MN$6.2M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411825459 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.