Plan Ledger DOL Form 5500 · updated monthly

Modern Transportation Services, Inc.401(k)

MODERN TRANSPORTATION SERVICES, INC. 401(K) PROFIT SHARING PLAN · CORAOPOLIS, PA · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Modern Transportation Services, Inc. reported $42,576 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $792 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 0.57% to 0.72%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Pennsylvania (2,689th of 3,651), and 1,449th of 2,677 in transportation & warehousing. In 2024, employees put in $2.01 for every $1.00 the employer contributed; active participation has grown from 375 to 436 since 2022.

Plan summary
Net assets, end of year$6,529,918
Participants with balances188
Active participants436
Employer contributions$345,380
Employee contributions$694,083
Employer contribution per active participant$792
Average account balance$34,734
Benefits paid to participants$627,371
Plan auditUnmodified (clean) audit opinion
AuditorGROSSMAN YANAK & FORD LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 188 accts · $345K emplr
2023$5.4M · 190 accts · $336K emplr
2022$5.0M · 196 accts · $295K emplr
The Modern Transportation Services, Inc. 401(k) match · 2024
Employer contribution per active participant$792
Median for plans this size$1,313
2024$792 per active participant
2023$867 per active participant
2022$786 per active participant

Modern Transportation Services, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20244
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$14,143
EMPOWER ADVISORY GROUP, LLC · Investment management$6,331
METRO BENEFITS, INC. · Contract administratorindirect 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$42,576 · 0.72%
2023$38,802 · 0.75%
2022$31,262 · 0.57%
Same employer
Similar plansTransportation & Warehousing · Pennsylvania
R & R Express Holdco, Inc PA$7.9M · 0.51%
Weleski Transfer, Inc. PA$7.5M · 0.24%
South Hills Movers, Inc. PA$6.4M · 0.40%
Frank Martz Coach Company PA$6.3M · 0.87%
M&C Trucking Company PA$5.9M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251544945 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.