Plan Ledger DOL Form 5500 · updated monthly

Nuss Truck Group Inc.401(k)

NUSS TRUCK & EQUIPMENT 401(K) PLAN · ROCHESTER, MN · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Nuss Truck Group Inc. reported $135,424 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,879 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 0.28% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 517th-largest of 1,918 plans among Minnesota employers on file, and the 877th of 4,246 in wholesale trade. In 2024, employees put in $2.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,970,423
Participants with balances421
Active participants363
Employer contributions$1,045,035
Employee contributions$2,943,562
Employer contribution per active participant$2,879
Average account balance$111,569
Benefits paid to participants$3,577,580
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$47.0M · 421 accts · $1.0M emplr
2023$41.1M · 429 accts · $1.2M emplr
2022$34.1M · 431 accts · $988K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,424
Total administrative$135,424
The Nuss Truck Group Inc. 401(k) match · 2024
Employer contribution per active participant$2,879
Median for plans this size$2,416
2024$2,879 per active participant
2023$3,183 per active participant
2022$2,730 per active participant

Nuss Truck Group 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.

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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$134,648
UBS FINANCIAL SERVICES INC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$135,424 · 0.31%
2023$113,271 · 0.30%
2022$102,983 · 0.28%
Same employer
Similar plansWholesale Trade · Minnesota
Aep Holdings, Inc. MN$53.2M · 0.33%
Lindstrom, LLC MN$51.8M · 0.37%
Bayer Built Woodworks, Inc. MN$48.6M · 0.03%
Decopac, Inc. MN$36.7M · 0.28%
John Henry Foster Mn, Inc. MN$34.7M · 0.33%
Lindstrom, LLC MN$34.0M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411364452 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.