Swing Transport Inc401(k)
SWING TRANSPORT, INC. PROFIT SHARING PLAN · SALISBURY, NC · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Swing Transport Inc reported $2,522 in plan administrative expenses for 2023: 0.14% of average plan assets, lower than ~75% of peers. Employer contributions averaged $314 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 rose from 0.14% to 0.16%. 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 North Carolina (1,781st of 2,005), and 2,124th of 2,677 in transportation & warehousing. In 2023, employees put in $1.20 for every $1.00 the employer contributed; active participation has grown from 144 to 159 since 2022.
Swing Transport 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 561088358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.