Plan Ledger DOL Form 5500 · updated monthly

Suburban Transportation Company, Inc.401(k)

SUBURBAN SCHOOL TRANSPORTATION CO. 401(K) PLAN · BRUNSWICK, OH · plan year 2023

Employer contribution per participant · 2023
$317

Suburban Transportation Company, Inc.'s 2023 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,120,769 across 36 participant accounts, with employer contributions averaging $317 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Ohio (3,147th of 3,295), and 2,292nd of 2,677 in transportation & warehousing. In 2023, employees put in $2.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,120,769
Participants with balances36
Active participants135
Employer contributions$42,763
Employee contributions$100,553
Employer contribution per active participant$317
Average account balance$31,132
Benefits paid to participants$157,986
Plan auditUnmodified (clean) audit opinion
AuditorMAJKUT CPAS LTD
Plan history2
Yearassets · accounts · employer contribution
2023$1.1M · 36 accts · $43K emplr
2022$995K · 23 accts · $40K emplr
The Suburban Transportation Company, Inc. 401(k) match · 2023
Employer contribution per active participant$317
Median for plans this size$1,308
2023$317 per active participant
2022$292 per active participant

Suburban Transportation Company, Inc.'s 2023 employer contribution ran below the $1,308 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.

Administrative cost history2
2023Not separately reported
2022Not separately reported
Similar plansTransportation & Warehousing · Ohio
Riffle Machine Works OH$1.5M · 0.30%
Big Blue Trucking, Inc. OH$1.4M · 0.14%
Target Trans-Logic, LLC OH$1.0M · 0.28%
Awl Transport, Inc. OH$562K · 0.64%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341631429 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.