Patel Logistics Inc.401(k)
PATEL LOGISTICS 401(K) PLAN · BENSALEM, PA · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Patel Logistics Inc. reported $1,250 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $757 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.
The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Pennsylvania (3,590th of 3,651), and 2,495th of 2,677 in transportation & warehousing. In 2024, employees put in $2.47 for every $1.00 the employer contributed.
Patel Logistics Inc.'s 2024 employer contribution ran above the $540 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 844694816 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.