Plan Ledger DOL Form 5500 · updated monthly

Redwood Logistics, LLC401(k)

REDWOOD LOGISTICS, LLC 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Redwood Logistics, LLC reported $166,664 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $674 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 3 years on file its reported administrative ratio has held roughly steady near 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 997th-largest of 3,702 plans among Illinois employers on file, and the 411th of 2,677 in transportation & warehousing. In 2024, employees put in $10.08 for every $1.00 the employer contributed; active participation has shrunk from 833 to 695 since 2022.

Plan summary
Net assets, end of year$44,684,669
Participants with balances614
Active participants695
Employer contributions$468,701
Employee contributions$4,725,805
Employer contribution per active participant$674
Average account balance$72,776
Benefits paid to participants$4,424,665
Plan auditUnmodified (clean) audit opinion
AuditorMILLER COOPER & CO., LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$44.7M · 614 accts · $469K emplr
2023$38.0M · 656 accts · $471K emplr
2022$28.5M · 716 accts · $447K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$166,664
Total administrative$166,664
The Redwood Logistics, LLC 401(k) match · 2024
Employer contribution per active participant$674
Median for plans this size$2,416
2024$674 per active participant
2023$617 per active participant
2022$537 per active participant

Redwood Logistics, LLC's 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$166,663
J.P. MORGAN SECURITIES LLC · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)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
2024$166,664 · 0.40%
2023$135,076 · 0.41%
2022$117,967 · 0.39%
Same employer
Similar plansTransportation & Warehousing · Illinois
Stg Logistics, Inc. IL$63.9M · 0.50%
Cassens Transport Company IL$61.5M · 0.24%
Beelman Truck Company IL$45.1M · 0.58%
Elliott Aviation, LLC. IL$39.2M · 0.35%
Upstaging, Inc. IL$37.1M · 0.12%
Fcs Industries, Inc. IL$37.0M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 452756611 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.