Plan Ledger DOL Form 5500 · updated monthly

Midwest Truck & Auto Parts LLC401(k)

MIDWEST TRUCK & AUTO PARTS, INC. EMPLOYEES PROFIT SHARING PLAN AND TRUST · CROWN POINT, IN · plan year 2022

Reported admin expense ratio · 2022
0.02%

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

Midwest Truck & Auto Parts LLC reported $2,110 in plan administrative expenses for 2022: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,629 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 1 year on file its reported administrative ratio rose from 0.02% to 0.07%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Indiana (887th of 1,562), and 2,902nd of 4,246 in wholesale trade. In 2022, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,129,867
Participants with balances107
Active participants105
Employer contributions$171,073
Employee contributions$528,385
Employer contribution per active participant$1,629
Average account balance$94,672
Benefits paid to participants$3,677,260
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$9.6M · 124 accts · $172K emplr
2022$10.1M · 107 accts · $171K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$2,110
Total administrative$2,110
The Midwest Truck & Auto Parts LLC 401(k) match · 2022
Employer contribution per active participant$1,629
Median for plans this size$2,266
2023$1,220 per active participant
2022$1,629 per active participant

Midwest Truck & Auto Parts LLC's 2022 employer contribution ran below the $2,266 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$6,550 · 0.07%
2022$2,110 · 0.02%
Similar plansWholesale Trade · Indiana
Recycling Center Inc IN$11.1M · 0.56%
Acorn Distributors, Inc. IN$10.5M · 0.35%
Probo Medical IN$9.1M · 0.20%
Indiana Oxygen Company IN$8.7M · 0.50%
New Carbon Company, LLC IN$8.6M · 0.63%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362583306 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.