Plan Ledger DOL Form 5500 · updated monthly

Reefer Systems, Inc. dba Midland401(k)

MIDLANDS CARRIER TRANSICOLD 401(K) PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Reefer Systems, Inc. dba Midland reported $34,478 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $3,057 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 0.25% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Nebraska (296th of 565), and the 1,256th of 3,341 in other services. In 2024, employees put in $2.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,683,831
Participants with balances205
Active participants163
Employer contributions$498,306
Employee contributions$1,014,563
Employer contribution per active participant$3,057
Average account balance$76,506
Benefits paid to participants$778,704
Plan auditUnmodified (clean) audit opinion
AuditorLTUZ & COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 205 accts · $498K emplr
2023$13.2M · 193 accts · $493K emplr
2022$11.5M · 191 accts · $422K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,455
Investment management$25,023
Total administrative$34,478
The Reefer Systems, Inc. dba Midland 401(k) match · 2024
Employer contribution per active participant$3,057
Median for plans this size$2,416
2024$3,057 per active participant
2023$3,184 per active participant
2022$2,740 per active participant

Reefer Systems, Inc. dba Midland's 2024 employer contribution ran above the $2,416 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 · 20243
CREATIVE PLANNING HOLDCO, LLC · Recordkeeping · Trustee$25,023
ADP, INC. · Loan processing · Recordkeeping$9,455
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, CREATIVE PLANNING HOLDCO, LLC
2023ADP, CREATIVE PLANNING HOLDCO, LLC

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Administrative cost history3
2024$34,478 · 0.24%
2023$32,955 · 0.27%
2022$28,852 · 0.25%
Similar plansOther Services · Nebraska
Resource Pro LLC NE$26.9M · 0.41%
Floyds Truck Center, Inc. NE$15.4M · 0.52%
Ponca Tribe of Nebraska NE$9.9M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020610357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.