Plan Ledger DOL Form 5500 · updated monthly

Propack Logistics US, LLC401(k)

PROPACK LOGISTICS US, LLC 401(K) PLAN · BLAINE, WA · plan year 2024

Reported admin expense ratio · 2024
1.33%

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

Propack Logistics US, LLC reported $50,535 in plan administrative expenses for 2024: 1.33% of average plan assets, higher than ~90% of peers. Employer contributions averaged $718 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 1.03% to 1.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Washington (1,413th of 1,714), and 1,760th of 2,677 in transportation & warehousing. In 2024, employees put in $2.11 for every $1.00 the employer contributed; active participation has grown from 217 to 257 since 2022.

Plan summary
Net assets, end of year$4,182,981
Participants with balances232
Active participants257
Employer contributions$184,634
Employee contributions$389,793
Employer contribution per active participant$718
Average account balance$18,030
Benefits paid to participants$179,590
Plan auditUnmodified (clean) audit opinion
AuditorVSH PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.2M · 232 accts · $185K emplr
2023$3.4M · 223 accts · $169K emplr
2022$2.7M · 205 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,535
Total administrative$50,535
The Propack Logistics US, LLC 401(k) match · 2024
Employer contribution per active participant$718
Median for plans this size$1,313
2024$718 per active participant
2023$721 per active participant
2022$661 per active participant

Propack Logistics US, LLC's 2024 employer contribution ran below the $1,313 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.

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
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$37,928
ERPC, LLC · Recordkeeping · Loan processing$12,607

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

Recordkeeper by year2
2024ERPC, LLC, Transamerica
2023ERPC, LLC, Transamerica

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

Administrative cost history3
2024$50,535 · 1.33%
2023$34,998 · 1.15%
2022$27,437 · 1.03%
Same employer
Similar plansTransportation & Warehousing · Washington
Cub Crafters Inc WA$7.2M · 0.84%
Bcs Operations LLC WA$3.4M · 0.36%
Innersea Discoveries, LLC WA$3.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821965778 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.