Plan Ledger DOL Form 5500 · updated monthly

Rich Logistics401(k)

RICH LOGISTICS 401(K) PLAN · NORTH LITTLE ROCK, AR · plan year 2023

Reported admin expense ratio · 2023
1.66%

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

Rich Logistics reported $62,175 in plan administrative expenses for 2023: 1.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,469 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 1.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Arkansas (329th of 456), and 1,727th of 2,677 in transportation & warehousing. In 2023, employees put in $2.55 for every $1.00 the employer contributed; active participation has shrunk from 343 to 305 since 2022.

Plan summary
Net assets, end of year$4,416,501
Participants with balances336
Active participants305
Employer contributions$447,959
Employee contributions$1,141,425
Employer contribution per active participant$1,469
Average account balance$13,144
Benefits paid to participants$796,693
Plan auditUnmodified (clean) audit opinion
AuditorHCJ CPAS & ADVISORS, PLLC
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $112K emplr
2024$4.0M · 249 accts · $300K emplr
2023$4.4M · 336 accts · $448K emplr
2022$3.1M · 365 accts · $460K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$62,175
Total administrative$62,175
The Rich Logistics 401(k) match · 2023
Employer contribution per active participant$1,469
Median for plans this size$1,308
2024$1,471 per active participant
2023$1,469 per active participant
2022$1,342 per active participant

Rich Logistics's 2023 employer contribution ran above 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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$62,175
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)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 history4
2025Not separately reported
2024$70,382 · 1.67%
2023$62,175 · 1.66%
2022$47,128 · 1.72%
Same employer
Similar plansTransportation & Warehousing · Arkansas
USA Truck, Inc. AR$30.3M · 0.34%
Carco Capital Corporation AR$11.9M · 0.01%
Frez-N-Stor, Inc. AR$5.6M · 0.47%
Cal Ark International Inc AR$5.6M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 710653502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.