Plan Ledger DOL Form 5500 · updated monthly

McLeod Express, LLC401(k)

THE MCLEOD COMPANIES 401(K) PLAN · DECATUR, IL · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

McLeod Express, LLC reported $43,470 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $1,490 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 0.53% to 0.64%. 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 Illinois (2,681st of 3,702), and 1,363rd of 2,677 in transportation & warehousing. In 2024, employees put in $1.62 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,386,455
Participants with balances355
Active participants260
Employer contributions$387,523
Employee contributions$629,009
Employer contribution per active participant$1,490
Average account balance$20,807
Benefits paid to participants$904,621
Plan auditUnmodified (clean) audit opinion
AuditorKATZ SAPPER AND MILLER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 355 accts · $388K emplr
2023$6.3M · 396 accts · $398K emplr
2022$4.9M · 308 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,721
Investment management$13,749
Total administrative$43,470
The McLeod Express, LLC 401(k) match · 2024
Employer contribution per active participant$1,490
Median for plans this size$1,313
2024$1,490 per active participant
2023$1,432 per active participant
2022$690 per active participant

McLeod Express, LLC'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
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$20,577
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$9,144
NORTHWESTERN MUTUAL WEALTH MGMT CO · Investment advisory (plan)$13,749

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$43,470 · 0.64%
2023$27,842 · 0.50%
2022$29,313 · 0.53%
Same employer
Similar plansTransportation & Warehousing · Illinois
Rt&T Enterprises IL$7.5M · 0.60%
Avenue Logistics, LLC IL$7.0M · 0.60%
Nots Logistics, L.L.C. IL$6.2M · 1.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 352156793 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.