Plan Ledger DOL Form 5500 · updated monthly

Star Leasing Company, LLC401(k)

STAR LEASING COMPANY, LLC 401(K) PLAN · COLUMBUS, OH · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Star Leasing Company, LLC reported $88,132 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $2,586 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 0.322%. 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 the 1,010th-largest of 3,295 plans among Ohio employers on file, and the 571st of 2,677 in transportation & warehousing. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 313 to 561 since 2022.

Plan summary
Net assets, end of year$28,803,784
Participants with balances606
Active participants561
Employer contributions$1,450,982
Employee contributions$2,274,854
Employer contribution per active participant$2,586
Average account balance$47,531
Benefits paid to participants$4,108,510
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.8M · 606 accts · $1.5M emplr
2023$25.9M · 623 accts · $1.5M emplr
2022$24.7M · 455 accts · $733K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,132
Total administrative$88,132
The Star Leasing Company, LLC 401(k) match · 2024
Employer contribution per active participant$2,586
Median for plans this size$2,416
2024$2,586 per active participant
2023$3,020 per active participant
2022$2,342 per active participant

Star Leasing Company, LLC'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
JOHN HANCOCK · Recordkeeping · Investment management$87,427
COASTAL PENSION SERVICES, INC. · Recordkeeping · Loan processing$300
NORTHWESTEN MUTUAL INVESTMENT SERVI · Investment advisory (participants)$404

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024COASTAL PENSION SERVICES, INC., John Hancock
2023COASTAL PENSION SERVICES, INC., John Hancock

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Administrative cost history3
2024$88,132 · 0.32%
2023$99,024 · 0.39%
2022$92,432 · 0.32%
Same employer
Similar plansTransportation & Warehousing · Ohio
Odw Logistics, Inc. OH$38.9M · 0.44%
Mormac Marine Group, Inc. OH$34.5M · 0.17%
Peoples Services, Inc. OH$26.3M · 0.47%
Kaplan Trucking Company OH$23.7M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310854574 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.