Plan Ledger DOL Form 5500 · updated monthly

Midwest Refrigerated Services, Inc.401(k)

MIDWEST REFRIGERATED 401(K) PLAN · ELKHORN, WI · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Midwest Refrigerated Services, Inc. reported $55,351 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,571 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 0.35% to 0.38%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Wisconsin (1,016th of 1,936), and the 882nd of 2,677 in transportation & warehousing. In 2024, employees put in $2.23 for every $1.00 the employer contributed; active participation has grown from 294 to 379 since 2022.

Plan summary
Net assets, end of year$15,742,734
Participants with balances416
Active participants379
Employer contributions$595,458
Employee contributions$1,327,498
Employer contribution per active participant$1,571
Average account balance$37,843
Benefits paid to participants$1,633,326
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 416 accts · $595K emplr
2023$13.4M · 371 accts · $521K emplr
2022$10.9M · 354 accts · $537K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,351
Total administrative$55,351
The Midwest Refrigerated Services, Inc. 401(k) match · 2024
Employer contribution per active participant$1,571
Median for plans this size$2,416
2024$1,571 per active participant
2023$1,573 per active participant
2022$1,826 per active participant

Midwest Refrigerated Services, 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,351
NORTHWESTERN MUTUAL INVESTMENT SERV · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$55,351 · 0.38%
2023$42,963 · 0.35%
2022$43,639 · 0.35%
Same employer
Similar plansTransportation & Warehousing · Wisconsin
Tankstar USA, Inc. WI$19.5M · 0.06%
Riteway Bus Service, Inc. WI$16.6M · 0.61%
Veteran's Truck Line, Inc. WI$13.2M · 0.83%
Tti, Inc. WI$12.7M · 0.32%
Ace Corporate Support, Inc. WI$12.4M · 0.45%
Potato King, Inc. WI$12.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061805408 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.