Plan Ledger DOL Form 5500 · updated monthly

Performance Truck and Houston Heavy Duty Truck and Trailer401(k)

CLEVELAND MACK SALES, INC. 401(K) PLAN · CLEVELAND, TX · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Performance Truck and Houston Heavy Duty Truck and Trailer reported $85,263 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,298 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 0.30% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 1,618th-largest of 5,688 plans among Texas employers on file, and the 1,100th of 5,215 in retail trade. In 2024, employees put in $4.09 for every $1.00 the employer contributed; active participation has shrunk from 374 to 332 since 2022.

Plan summary
Net assets, end of year$27,974,739
Participants with balances396
Active participants332
Employer contributions$431,089
Employee contributions$1,764,199
Employer contribution per active participant$1,298
Average account balance$70,643
Benefits paid to participants$3,410,326
Plan auditUnmodified (clean) audit opinion
AuditorWEINSTEIN SPIRA & COMPANY PC
Plan history3
Yearassets · accounts · employer contribution
2024$28.0M · 396 accts · $431K emplr
2023$25.4M · 420 accts · $521K emplr
2022$20.9M · 421 accts · $464K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,263
Total administrative$85,263
The Performance Truck and Houston Heavy Duty Truck and Trailer 401(k) match · 2024
Employer contribution per active participant$1,298
Median for plans this size$2,416
2024$1,298 per active participant
2023$1,451 per active participant
2022$1,240 per active participant

Performance Truck and Houston Heavy Duty Truck and Trailer'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$85,217
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$85,263 · 0.32%
2023$72,243 · 0.31%
2022$66,532 · 0.30%
Same employer
Similar plansRetail Trade · Texas
Team Rumbleon, LLC TX$32.9M · 0.36%
Gillman Services, Inc. TX$30.4M · 0.42%
Helfman Enterprises, Inc. TX$27.5M · 0.27%
Nyle Maxwell of Austin, LLC TX$27.4M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741921037 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.