Plan Ledger DOL Form 5500 · updated monthly

Mickey Truck Bodies, Inc.401(k)

MICKEY TRUCK BODIES, INC. 401(K) PLAN · HIGH POINT, NC · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Mickey Truck Bodies, Inc. reported $67,440 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $1,435 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 0.28% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 697th-largest of 2,005 plans among North Carolina employers on file, and the 5,640th of 13,661 in manufacturing. In 2024, employees put in $3.02 for every $1.00 the employer contributed; active participation has grown from 414 to 482 since 2022.

Plan summary
Net assets, end of year$21,585,275
Participants with balances490
Active participants482
Employer contributions$691,581
Employee contributions$2,091,882
Employer contribution per active participant$1,435
Average account balance$44,052
Benefits paid to participants$1,967,102
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 490 accts · $692K emplr
2023$18.4M · 473 accts · $614K emplr
2022$16.4M · 360 accts · $139K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$51,278
Investment management$16,162
Total administrative$67,440
The Mickey Truck Bodies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,435
Median for plans this size$2,416
2024$1,435 per active participant
2023$1,396 per active participant
2022$337 per active participant

Mickey Truck Bodies, Inc.'s 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$51,278
LEAFHOUSE FINANCIAL ADVISORS LLC · Investment advisory (plan)$9,111
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,051

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$67,440 · 0.34%
2023$57,765 · 0.33%
2022$49,088 · 0.28%
Same employer
Similar plansManufacturing · North Carolina
McRae Industries, Inc. NC$22.8M · 0.27%
St Engineering Hackney, Inc NC$22.0M · 0.25%
Bonset America Corporation NC$21.9M · 0.39%
Triangle Brick Company NC$21.5M · 0.06%
Flow America, LLC NC$21.3M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 560512881 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.