Plan Ledger DOL Form 5500 · updated monthly

R&L Carriers, Inc.401(k)

R&L CARRIERS, INC. 401(K) RETIREMENT SAVINGS PLAN · WILMINGTON, OH · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

R&L Carriers, Inc. reported $519,143 in plan administrative expenses for 2024: 0.12% of average plan assets, above the peer median. Employer contributions averaged $608 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 fell from 0.17% to 0.12%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 110th-largest of 3,295 plans among Ohio employers on file, and the 82nd of 2,677 in transportation & warehousing. In 2024, employees put in $3.53 for every $1.00 the employer contributed; active participation has grown from 17,891 to 21,397 since 2022.

Plan summary
Net assets, end of year$472,380,093
Participants with balances10,042
Active participants21,397
Employer contributions$13,007,105
Employee contributions$45,954,609
Employer contribution per active participant$608
Average account balance$47,040
Benefits paid to participants$44,684,398
Plan auditUnmodified (clean) audit opinion
AuditorMELLOTT & MELLOTT P.L.L.
Plan history3
Yearassets · accounts · employer contribution
2024$472.4M · 10,042 accts · $13.0M emplr
2023$394.3M · 8,994 accts · $11.3M emplr
2022$318.4M · 8,193 accts · $10.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$198,470
Investment management$275,673
Total administrative$519,143
The R&L Carriers, Inc. 401(k) match · 2024
Employer contribution per active participant$608
Median for plans this size$4,294
2024$608 per active participant
2023$551 per active participant
2022$565 per active participant

R&L Carriers, Inc.'s 2024 employer contribution ran below the $4,294 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 · 20243
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$275,673
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$198,470
MORGANSTANLEYSMITHBARNEYLLC · Investment advisory (participants)$45,000

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$519,143 · 0.12%
2023$516,974 · 0.15%
2022$569,542 · 0.17%
Same employer
Similar plansTransportation & Warehousing · Ohio
Exel Inc. OH$1.2B · 0.07%
Netjets Inc. OH$835.6M · 0.05%
Onesky, LLC OH$502.3M · 0.12%
Firstgroup America, Inc. OH$328.2M · 0.30%
Dayton Freight Lines, Inc. OH$303.8M · 0.13%
Total Quality Logistics, LLC OH$280.1M · 0.17%
Abx Air, Inc. OH$279.9M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311423221 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.