Plan Ledger DOL Form 5500 · updated monthly

Pearl City Elevator, Inc.401(k)

PEARL CITY ELEVATOR, INC. 401(K) PROFIT SHARING PLAN · PEARL CITY, IL · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Pearl City Elevator, Inc. reported $39,907 in plan administrative expenses for 2024: 0.50% of average plan assets, below the peer median. Employer contributions averaged $2,930 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 3 years on file its reported administrative ratio has held roughly steady near 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Illinois (2,578th of 3,702), and 511th of 945 in agriculture, forestry & fishing. In 2024, employees put in $1.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,188,936
Participants with balances163
Active participants123
Employer contributions$360,379
Employee contributions$428,317
Employer contribution per active participant$2,930
Average account balance$50,239
Benefits paid to participants$1,528,533
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.2M · 163 accts · $360K emplr
2023$7.8M · 163 accts · $332K emplr
2022$6.7M · 164 accts · $166K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,296
Trustee / custodial$37,419
Total administrative$39,907
The Pearl City Elevator, Inc. 401(k) match · 2024
Employer contribution per active participant$2,930
Median for plans this size$1,313
2024$2,930 per active participant
2023$2,966 per active participant
2022$1,443 per active participant

Pearl City Elevator, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processing$2,296
MIDLAND STATES BANK · Trustee · Participant communication$37,419

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$39,907 · 0.50%
2023$38,059 · 0.52%
2022$37,338 · 0.49%
Same employer
Similar plansAgriculture, Forestry & Fishing · Illinois
Scott Byron & Co., Inc. IL$12.6M · 0.52%
Encore Services, LLC IL$11.6M · 0.01%
Gdm Seeds, Inc. IL$9.4M · 0.55%
Pharmacann Inc IL$7.6M · 3.06%
Midwest Groundcovers, LLC IL$4.1M · 0.02%
Eckert's, Inc. IL$2.2M · 0.26%
Pearl Valley Farms, Inc. IL$2.1M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 361608730 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.