Plan Ledger DOL Form 5500 · updated monthly

Prairie State Tractor LLC401(k)

PRAIRIE STATE TRACTOR LLC 401(K) PROFIT SHARING PLAN · MENDOTA, IL · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Prairie State Tractor LLC reported $99,459 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $5,029 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 has held roughly steady near 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,277th-largest of 3,702 plans among Illinois employers on file, and the 992nd of 5,215 in retail trade. In 2023, employees put in $1.05 for every $1.00 the employer contributed; active participation has grown from 184 to 213 since 2022.

Plan summary
Net assets, end of year$31,336,963
Participants with balances240
Active participants213
Employer contributions$1,071,151
Employee contributions$1,125,656
Employer contribution per active participant$5,029
Average account balance$130,571
Benefits paid to participants$1,161,413
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $269K emplr
2023$31.3M · 240 accts · $1.1M emplr
2022$25.4M · 230 accts · $651K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,691
Trustee / custodial$95,768
Total administrative$99,459
The Prairie State Tractor LLC 401(k) match · 2023
Employer contribution per active participant$5,029
Median for plans this size$2,440
2023$5,029 per active participant
2022$3,536 per active participant

Prairie State Tractor LLC's 2023 employer contribution ran above the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MIDLAND STATES BANK · Trustee · Participant communication$95,948
CHARLES SCHWAB TRUST COMPANY · Custodial (securities)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
2024Not separately reported
2023$99,459 · 0.35%
2022$109,302 · 0.36%
Same employer
Similar plansRetail Trade · Illinois
Lakes Venture, LLC IL$33.8M · 0.65%
Sam Leman I, LLC IL$33.7M · 0.33%
Schaumburg Toyota, Inc. IL$33.7M · 0.02%
McGrath-Colosimo, LTD. IL$31.8M · 0.25%
Karl Knauz Motors, Inc. IL$30.9M · 0.00%
Currie/Curfin Motors IL$29.9M · 0.32%
Uftring Chevrolet, Inc. IL$26.6M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 843514870 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.