Plan Ledger DOL Form 5500 · updated monthly

Sioux City Truck Sales401(k)

SIOUX CITY TRUCK SALES INC 401(K) PLAN · SIOUX CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Sioux City Truck Sales reported $77,983 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,042 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 0.35%. 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 the 357th-largest of 878 plans among Iowa employers on file, and the 1,280th of 5,215 in retail trade. In 2024, employees put in $3.51 for every $1.00 the employer contributed; active participation has grown from 314 to 355 since 2022.

Plan summary
Net assets, end of year$23,519,004
Participants with balances339
Active participants355
Employer contributions$369,984
Employee contributions$1,299,571
Employer contribution per active participant$1,042
Average account balance$69,378
Benefits paid to participants$1,838,122
Plan auditUnmodified (clean) audit opinion
AuditorHENJES CONNER & WILLIAMS PC
Plan history3
Yearassets · accounts · employer contribution
2024$23.5M · 339 accts · $370K emplr
2023$21.5M · 330 accts · $404K emplr
2022$18.2M · 333 accts · $392K emplr
Administrative expenses, itemized · 2024
Investment management$69,975
Trustee / custodial$8,008
Total administrative$77,983
The Sioux City Truck Sales 401(k) match · 2024
Employer contribution per active participant$1,042
Median for plans this size$2,416
2024$1,042 per active participant
2023$1,139 per active participant
2022$1,250 per active participant

Sioux City Truck Sales'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 · 20243
SECURITY NATIONAL BANK · Investment management · Trustee$69,975
CHARLES SCHWAB TRUST BANK · Custodial (securities)$8,008
CHARLES SCHWAB & CO INC · Custodial (securities)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$77,983 · 0.35%
2023$68,410 · 0.34%
2022$65,485 · 0.33%
Same employer
Similar plansRetail Trade · Iowa
Charles Gabus Ford, Inc. IA$33.9M · 0.47%
Karl Chevrolet, Inc. IA$31.2M · 0.45%
Arnold Motor Supply, LLP IA$28.1M · 0.40%
Hartig Drug Company IA$19.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420750928 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.