Plan Ledger DOL Form 5500 · updated monthly

States Logistics Services, Inc.ESOP

STATES LOGISTICS SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLAN · BUENA PARK, CA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

States Logistics Services, Inc. reported $63,941 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. Employer contributions averaged $3,135 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 0.56% to 0.27%. 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 2,980th-largest of 9,483 plans among California employers on file, and the 612th of 2,677 in transportation & warehousing. active participation has grown from 518 to 638 since 2022.

Plan summary
Net assets, end of year$26,296,678
Participants with balances694
Active participants638
Employer contributions$2,000,000
Employee contributions—
Employer contribution per active participant$3,135
Average account balance$37,891
Benefits paid to participants$1,026,926
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$26.3M · 694 accts · $2.0M emplr
2023$20.3M · 625 accts · $1.8M emplr
2022$15.5M · 609 accts · $2.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,331
Investment management$40,276
Total administrative$63,941
Employer contributions to the States Logistics Services, Inc. plan · 2024
Employer contribution per active participant$3,135
Median for plans this size$2,416
2024$3,135 per active participant
2023$3,285 per active participant
2022$3,861 per active participant

States Logistics Services, Inc.'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
MERRILL LYNCH · Investment advisory (plan) · Investment management$40,276
ACUITY ADVISORS · Accounting / audit · Actuarial$15,750
BUTTERFIELD SCHECHTER LLP · Legal$6,562

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$63,941 · 0.27%
2023$83,112 · 0.46%
2022$75,488 · 0.56%
All plans at this employer2
STATES LOGISTICS 401(K) PLAN401(k)
STATES LOGISTICS SERVICES, INC. EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansTransportation & Warehousing · California
Logisteed America, Inc. CA$29.2M · 0.35%
Kaiserair, Inc. CA$28.6M · 0.19%
Matheson Trucking, Inc. CA$28.2M · 1.02%
Corovan Corporation CA$26.0M · 0.14%
Mnx Global Logistics Corp. CA$25.5M · 0.15%
Platform Science, Inc. CA$24.0M · 0.19%
Blower-Dempsay Corporation CA$23.9M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330782803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.