Plan Ledger DOL Form 5500 · updated monthly

Mode Transportation, LLC401(k)

MODE TRANSPORTATION 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Mode Transportation, LLC reported $56,857 in plan administrative expenses for 2024: 0.17% of average plan assets, below the peer median. Employer contributions averaged $2,050 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 fell from 0.19% to 0.17%. 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 1,367th-largest of 5,688 plans among Texas employers on file, and the 494th of 2,677 in transportation & warehousing. In 2024, employees put in $2.77 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,344,010
Participants with balances668
Active participants634
Employer contributions$1,299,936
Employee contributions$3,604,917
Employer contribution per active participant$2,050
Average account balance$52,910
Benefits paid to participants$4,519,885
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.3M · 668 accts · $1.3M emplr
2023$30.0M · 547 accts · $1.4M emplr
2022$22.5M · 609 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,857
Total administrative$56,857
The Mode Transportation, LLC 401(k) match · 2024
Employer contribution per active participant$2,050
Median for plans this size$2,416
2024$2,050 per active participant
2023$3,133 per active participant
2022$2,487 per active participant

Mode Transportation, LLC'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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$56,857

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$56,857 · 0.17%
2023$51,112 · 0.19%
2022$42,508 · 0.19%
Same employer
Similar plansTransportation & Warehousing · Texas
Trimac Transportation Inc. TX$39.2M · 0.22%
South Bow USA Services Inc. TX$38.3M · 0.06%
Advario North America LLC TX$38.1M · 0.25%
Aet Inc. Limited TX$33.3M · 0.09%
Ameriflight, LLC TX$30.4M · 0.29%
Ratp Dev North America TX$30.1M · 0.51%
McDonald Transit, Inc TX$28.8M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351712356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.