Plan Ledger DOL Form 5500 · updated monthly

Riteway Bus Service, Inc.401(k)

RITEWAY BUS SERVICE, INC. 401(K) PLAN · OAK CREEK, WI · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Riteway Bus Service, Inc. reported $91,951 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $180 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 0.69% to 0.61%. 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 among the smaller plans on file in Wisconsin (986th of 1,936), and the 844th of 2,677 in transportation & warehousing. In 2024, employees put in $4.58 for every $1.00 the employer contributed; active participation has grown from 1,247 to 2,237 since 2022.

Plan summary
Net assets, end of year$16,631,867
Participants with balances1,682
Active participants2,237
Employer contributions$402,730
Employee contributions$1,842,722
Employer contribution per active participant$180
Average account balance$9,888
Benefits paid to participants$1,224,581
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 1,682 accts · $403K emplr
2023$13.8M · 1,312 accts · $379K emplr
2022$10.6M · 1,206 accts · $325K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,690
Investment management$32,261
Total administrative$91,951
The Riteway Bus Service, Inc. 401(k) match · 2024
Employer contribution per active participant$180
Median for plans this size$2,416
2024$180 per active participant
2023$302 per active participant
2022$261 per active participant

Riteway Bus Service, Inc.'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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$59,690
SPECTRUM INVESTMENT ADVISORS INC · Investment advisory (plan)$32,261

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$91,951 · 0.61%
2023$75,845 · 0.62%
2022$76,324 · 0.69%
Same employer
Similar plansTransportation & Warehousing · Wisconsin
Halvor Lines, Inc. WI$20.9M · 0.64%
Tankstar USA, Inc. WI$19.5M · 0.06%
Veteran's Truck Line, Inc. WI$13.2M · 0.83%
Tti, Inc. WI$12.7M · 0.32%
Ace Corporate Support, Inc. WI$12.4M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390928067 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.