Plan Ledger DOL Form 5500 · updated monthly

T & W Tire Company401(k)

T&W TIRE 401(K) PROFIT SHARING PLAN · OKLAHOMA CITY, OK · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

T & W Tire Company reported $106,607 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,377 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 0.40% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 208th-largest of 724 plans among Oklahoma employers on file, and the 1,583rd of 4,246 in wholesale trade. In 2024, employees put in $2.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,975,199
Participants with balances449
Active participants451
Employer contributions$621,121
Employee contributions$1,679,143
Employer contribution per active participant$1,377
Average account balance$55,624
Benefits paid to participants$3,153,213
Plan auditUnmodified (clean) audit opinion
AuditorOAK ADVISORS, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$25.0M · 449 accts · $621K emplr
2023$23.0M · 456 accts · $649K emplr
2022$20.7M · 420 accts · $572K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$106,607
Total administrative$106,607
The T & W Tire Company 401(k) match · 2024
Employer contribution per active participant$1,377
Median for plans this size$2,416
2024$1,377 per active participant
2023$1,367 per active participant
2022$1,267 per active participant

T & W Tire Company's 2024 employer contribution ran below 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 · 20245
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$106,624
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp
WELLTH ADVISORY SERVICES, LLC · Investment advisory (plan)indirect comp
EMPLOYEE BENEFITS GROUP, LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MGMT · Investment advisory (participants)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$106,607 · 0.44%
2023$93,014 · 0.43%
2022$86,889 · 0.40%
Same employer
Similar plansWholesale Trade · Oklahoma
Berendsen, Inc. OK$40.6M · 0.18%
Bution Holdco 1, LLC OK$38.8M · 0.30%
Axh Holdings, LLC OK$25.5M · 0.03%
Apmex LLC OK$22.2M · 0.08%
Orange Power Group, LLC OK$16.1M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731290906 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.