Plan Ledger DOL Form 5500 · updated monthly

Propak Logistics, LLC401(k)

PROPAK LOGISTICS, LLC 401(K) RETIREMENT PLAN · FORT SMITH, AR · plan year 2023

Reported admin expense ratio · 2023
1.03%

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

Propak Logistics, LLC reported $40,629 in plan administrative expenses for 2023: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $759 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 1 year on file its reported administrative ratio rose from 0.73% to 1.03%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Arkansas (326th of 456), and 11,385th of 13,661 in manufacturing. In 2023, employees put in $3.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,654,559
Participants with balances510
Active participants419
Employer contributions$318,016
Employee contributions$973,455
Employer contribution per active participant$759
Average account balance$9,127
Benefits paid to participants$579,206
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$4.7M · 510 accts · $318K emplr
2022$3.3M · 465 accts · $261K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$38,018
Investment management$2,611
Total administrative$40,629
The Propak Logistics, LLC 401(k) match · 2023
Employer contribution per active participant$759
Median for plans this size$1,308
2023$759 per active participant
2022$586 per active participant

Propak Logistics, LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
EMPOWER ADVISORY GROUP, LLC · Investment management$2,611

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$40,629 · 1.03%
2022$25,439 · 0.73%
Same employer
Similar plansManufacturing · Arkansas
Corbitt Enterprises Inc AR$5.6M · 0.80%
Wilson's Gun Shop, Inc. AR$5.6M · 0.19%
United Industries, Inc. AR$5.3M · 0.05%
Aromatique, Inc. AR$3.8M · 0.01%
Whiting Systems, Inc. AR$3.5M · 0.91%

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Source: U.S. Department of Labor, Form 5500 series, EIN 753107303 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.