Midwest Transit Equipment, Inc.401(k)
MIDWEST TRANSIT EQUIPMENT, INC. PROFIT SHARING 401(K) PLAN AND TRUST · KANKAKEE, IL · plan year 2024
Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works
Midwest Transit Equipment, Inc. reported $123,204 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,650 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 0.34% to 0.48%. 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 the 1,417th-largest of 3,702 plans among Illinois employers on file, and the 598th of 2,677 in transportation & warehousing. In 2024, employees put in $1.87 for every $1.00 the employer contributed; active participation has shrunk from 288 to 243 since 2022.
Midwest Transit Equipment, Inc.'s 2024 employer contribution ran above 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 363033895 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.