Plan Ledger DOL Form 5500 · updated monthly

Patson, Inc. dba Transchicago Tr401(k)

PATSON DBA TRANSCHICAGO TRUCK GROUP 401(K) PLAN · ELMHURST, IL · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Patson, Inc. dba Transchicago Tr reported $111,373 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $821 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 0.63% to 0.69%. 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 1,829th-largest of 3,702 plans among Illinois employers on file, and the 2,109th of 4,246 in wholesale trade. In 2024, employees put in $6.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,556,252
Participants with balances401
Active participants380
Employer contributions$312,087
Employee contributions$1,895,105
Employer contribution per active participant$821
Average account balance$43,781
Benefits paid to participants$2,033,717
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.6M · 401 accts · $312K emplr
2023$14.9M · 384 accts · $738K emplr
2022$12.1M · 358 accts · $459K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$61,446
Investment management$49,927
Total administrative$111,373
The Patson, Inc. dba Transchicago Tr 401(k) match · 2024
Employer contribution per active participant$821
Median for plans this size$2,416
2024$821 per active participant
2023$1,907 per active participant
2022$1,270 per active participant

Patson, Inc. dba Transchicago Tr's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
ADP, INC. · Loan processing · Recordkeeping$66,028
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$45,344
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$111,373 · 0.69%
2023$93,038 · 0.69%
2022$79,233 · 0.63%
Same employer
Similar plansWholesale Trade · Illinois
Kuna Meat Company, Inc. IL$17.9M · 1.03%
Ca Fortune IL$17.7M · 0.27%
Safco Dental Supply LLC IL$17.6M · 0.43%
Sun Belle Inc. IL$17.5M · 0.05%
Globe Union Group, Inc. IL$17.5M · 0.17%
Carlin Group Holdco IL$17.4M · 0.25%
Alma Lasers Inc IL$17.0M · 0.22%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 363198663 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.