Plan Ledger DOL Form 5500 · updated monthly

Royal Truck and Trailer Sales An401(k)

ROYAL TRUCK AND TRAILER SALES AND SERVICES, INC. 401K PROFIT S · NORTHVILLE, MI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Royal Truck and Trailer Sales An reported $9,819 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,532 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 0.18% to 0.08%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (1,316th of 2,619), and the 2,056th of 5,215 in retail trade. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 139 to 175 since 2022.

Plan summary
Net assets, end of year$13,664,399
Participants with balances155
Active participants175
Employer contributions$443,178
Employee contributions$1,065,241
Employer contribution per active participant$2,532
Average account balance$88,157
Benefits paid to participants$685,513
Plan auditUnmodified (clean) audit opinion
AuditorFENNER MELSTROM & DOOLING PLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 155 accts · $443K emplr
2023$11.2M · 156 accts · $444K emplr
2022$3.6M · 113 accts · $270K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,625
Investment management$8,194
Total administrative$9,819
The Royal Truck and Trailer Sales An 401(k) match · 2024
Employer contribution per active participant$2,532
Median for plans this size$2,416
2024$2,532 per active participant
2023$2,456 per active participant
2022$1,946 per active participant

Royal Truck and Trailer Sales An'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
ADP, INC. · Recordkeeping$9,818
ADP BROKER-DEALER · Other servicesindirect comp
GREGORY J SCHWARTZ AND CO INC · Other servicesindirect 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
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$9,819 · 0.08%
2023$10,703 · 0.14%
2022$6,385 · 0.18%
Same employer
Similar plansRetail Trade · Michigan
Weller Auto Parts, Inc. MI$14.0M · 0.58%
Wireless Vision, LLC MI$13.7M · 0.69%
Blarney Castle Oil Co. MI$12.5M · 0.29%
Folk Oil Company, Inc. MI$12.3M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382296769 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.