Plan Ledger DOL Form 5500 · updated monthly

Rands Trucking, Inc.401(k)

RANDS TRUCKING, INC. 401(K) PROFIT SHARING PLAN · LADYSMITH, WI · plan year 2022

Reported admin expense ratio · 2022
0.28%

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

Rands Trucking, Inc. reported $24,740 in plan administrative expenses for 2022: 0.28% of average plan assets, below the peer median. Employer contributions averaged $850 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 0.28% to 0.32%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Wisconsin (1,400th of 1,936), and the 1,278th of 2,677 in transportation & warehousing. In 2022, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,175,755
Participants with balances119
Active participants170
Employer contributions$144,439
Employee contributions$438,710
Employer contribution per active participant$850
Average account balance$68,704
Benefits paid to participants$296,257
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$7.7M · 99 accts · $129K emplr
2022$8.2M · 119 accts · $144K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$3,463
Investment management$21,277
Total administrative$24,740
The Rands Trucking, Inc. 401(k) match · 2022
Employer contribution per active participant$850
Median for plans this size$1,114
2023$957 per active participant
2022$850 per active participant

Rands Trucking, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$25,134 · 0.32%
2022$24,740 · 0.28%
Same employer
Similar plansTransportation & Warehousing · Wisconsin
Sutton Transport, Inc. WI$8.9M · 1.47%
Kobussen Buses, LTD. WI$8.4M · 0.58%
Veriha Trucking, Inc. WI$7.8M · 0.91%
Christopher Morgan, LLC WI$7.5M · 0.81%
Wel Companies, Inc. WI$6.7M · 1.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391563798 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.