Plan Ledger DOL Form 5500 · updated monthly

Sherman Bros. Inc.401(k)

SHERMAN BROS. 401(K) PLAN · HARRISBURG, OR · plan year 2024

Reported admin expense ratio · 2024
0.66%

Sherman Bros. Inc. reported $21,781 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. 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 0.66%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Oregon (830th of 1,021), and 1,859th of 2,677 in transportation & warehousing. active participation has shrunk from 87 to 71 since 2022.

Plan summary
Net assets, end of year$3,468,463
Participants with balances156
Active participants71
Employer contributions—
Employee contributions$189,181
Employer contribution per active participant—
Average account balance$22,234
Benefits paid to participants$158,519
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 156 accts
2023$3.1M · 149 accts
2022$3.1M · 155 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,781
Total administrative$21,781
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 · 20244
SCOTT MILLER CPA AND ASSOCIATES$12,500
PROFESSIONAL BENEFIT SERVICES, INC.$4,530
MORNINGSTAR · Investment advisory (plan)indirect comp
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)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 history3
2024$21,781 · 0.66%
2023$22,818 · 0.73%
2022$24,399 · 0.67%
Similar plansTransportation & Warehousing · Oregon
Sutton Trucking LLC OR$6.0M · 0.54%
Market Express, LLC OR$6.0M · 0.58%
Western Heavy Haul, Inc. OR$4.7M · 0.81%
Blue Ocean Inc OR$3.4M · 0.60%
J & W Walker Farms, Inc. OR$3.4M · 0.10%
Kool Pak, LLC OR$2.7M · 0.03%
Stts USA, Inc. OR$2.2M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930459740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.