Plan Ledger DOL Form 5500 · updated monthly

Target Logistics Management LLC401(k)

TARGET ALGECO 401(K) PLAN · WOODLANDS, TX · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Target Logistics Management LLC reported $97,920 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,441 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 0.57% to 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other accommodation & food services employers. By assets it is the 2,352nd-largest of 5,688 plans among Texas employers on file, and the 386th of 2,240 in accommodation & food services. In 2024, employees put in $1.70 for every $1.00 the employer contributed; active participation has shrunk from 886 to 758 since 2022.

Plan summary
Net assets, end of year$15,758,259
Participants with balances803
Active participants758
Employer contributions$1,092,641
Employee contributions$1,862,321
Employer contribution per active participant$1,441
Average account balance$19,624
Benefits paid to participants$4,473,623
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 803 accts · $1.1M emplr
2023$15.3M · 970 accts · $1.1M emplr
2022$11.4M · 1,111 accts · $695K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,257
Investment management$60,663
Total administrative$97,920
The Target Logistics Management LLC 401(k) match · 2024
Employer contribution per active participant$1,441
Median for plans this size$2,416
2024$1,441 per active participant
2023$368 per active participant
2022$784 per active participant

Target Logistics Management LLC'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 · 20243
CWM LLC · Investment advisory (plan)$53,527
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$37,257
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$7,136

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$97,920 · 0.63%
2023$73,341 · 0.55%
2022$67,985 · 0.57%
Same employer
Similar plansAccommodation & Food Services · Texas
Spire Hospitality, LLC TX$22.0M · 0.99%
Carrabba's TX$17.7M · 0.12%
Chuy's Opco, Inc. TX$17.5M · 0.56%
Spb Hospitality LLC TX$15.9M · 0.97%
Makeready LLC TX$15.5M · 0.70%
Otb Acquisition LLC TX$13.5M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205528278 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.