Plan Ledger DOL Form 5500 · updated monthly

Mtc TransportationProfit-sharing plan

MTC TRANSPORTATION RETIREMENT SAVINGS PLAN · TWENTYNINE PALMS, CA · plan year 2022

Reported admin expense ratio · 2022
1.51%

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

Mtc Transportation reported $28,079 in plan administrative expenses for 2022: 1.51% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 1.51% to 5.76%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in California (8,519th of 9,483), and 2,199th of 2,677 in transportation & warehousing.

Plan summary
Net assets, end of year$1,548,427
Participants with balances493
Active participants26
Employer contributions$0
Employee contributions—
Employer contribution per active participant$0
Average account balance$3,141
Benefits paid to participants$264,236
Plan auditUnmodified (clean) audit opinion
AuditorLANCE, SOLL & LUNGHARD, LLP
Plan history2
Yearassets · accounts · employer contribution
2023$2K
2022$1.5M · 493 accts
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$28,079
Total administrative$28,079
Employer contributions to the Mtc Transportation plan · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Mtc Transportation's 2022 employer contribution ran below the $1,114 median for plans its size, in the bottom quarter of its peers. 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 history2
2023$44,622 · 5.76%
2022$28,079 · 1.51%
Similar plansTransportation & Warehousing · California
Web to Door Corporation CA$2.0M · 0.48%
Deluxe Auto Carriers Inc CA$1.9M · 0.88%
Nri USA, LLC CA$1.8M · 1.36%
Pacific Air Cargo CA$1.6M · 0.59%
Dalton Trucking, Inc. CA$1.4M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953074202 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.