Plan Ledger DOL Form 5500 · updated monthly

Ruan Transport Corporation401(k)

RUAN EMPLOYEES' 401(K) SAVINGS PLAN · DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

Ruan Transport Corporation reported $660,294 in plan administrative expenses for 2024: 0.23% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,170 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 0.23%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 37th-largest of 878 plans among Iowa employers on file, and the 116th of 2,677 in transportation & warehousing. In 2024, employees put in $4.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$299,570,630
Participants with balances6,119
Active participants5,403
Employer contributions$6,321,641
Employee contributions$27,228,971
Employer contribution per active participant$1,170
Average account balance$48,957
Benefits paid to participants$44,703,081
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$299.6M · 6,119 accts · $6.3M emplr
2023$271.6M · 6,206 accts · $6.4M emplr
2022$230.6M · 6,188 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$660,294
Total administrative$660,294
The Ruan Transport Corporation 401(k) match · 2024
Employer contribution per active participant$1,170
Median for plans this size$4,294
2024$1,170 per active participant
2023$1,161 per active participant
2022$1,078 per active participant

Ruan Transport Corporation's 2024 employer contribution ran below the $4,294 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$660,294
FOUNDERS SERIES OF · Contract administrator$23,241

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$660,294 · 0.23%
2023$674,148 · 0.27%
2022$631,918 · 0.25%
Same employer
Similar plansTransportation & Warehousing · Iowa
Annett Holdings, Inc. IA$418.5M · 0.00%
Werner Enterprises, Inc. NE$309.6M · 0.17%
Signature Aviation USA, LLC FL$304.4M · 0.17%
Dayton Freight Lines, Inc. OH$303.8M · 0.13%
Hub Group, Inc. IL$303.3M · 0.16%
Nfi Industries, Inc. NJ$299.3M · 0.22%
Moran Towing Corporation CT$296.0M · 0.03%
A. Duie Pyle, Incorporated PA$292.1M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420619339 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.