Plan Ledger DOL Form 5500 · updated monthly

Tax Airfreight, Inc.401(k)

TAX AIRFREIGHT, INC. 401K PROFIT SHARING PLAN · MILWAUKEE, WI · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Tax Airfreight, Inc. reported $60,789 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $595 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 0.54% to 0.50%. 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 among the smaller plans on file in Wisconsin (1,173rd of 1,936), and the 1,029th of 2,677 in transportation & warehousing. In 2024, employees put in $4.76 for every $1.00 the employer contributed; active participation has grown from 256 to 286 since 2022.

Plan summary
Net assets, end of year$12,165,255
Participants with balances329
Active participants286
Employer contributions$170,214
Employee contributions$810,711
Employer contribution per active participant$595
Average account balance$36,976
Benefits paid to participants$1,822,556
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$12.2M · 329 accts · $170K emplr
2023$11.9M · 303 accts · $145K emplr
2022$10.4M · 307 accts · $137K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,789
Total administrative$60,789
The Tax Airfreight, Inc. 401(k) match · 2024
Employer contribution per active participant$595
Median for plans this size$2,416
2024$595 per active participant
2023$581 per active participant
2022$534 per active participant

Tax Airfreight, Inc.'s 2024 employer contribution ran below the $2,416 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.

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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$60,788
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)indirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · 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$60,789 · 0.50%
2023$98,074 · 0.88%
2022$53,077 · 0.54%
Same employer
Similar plansTransportation & Warehousing · Wisconsin
Tti, Inc. WI$12.7M · 0.32%
Ace Corporate Support, Inc. WI$12.4M · 0.45%
Potato King, Inc. WI$12.3M · 0.51%
Evans Transportation WI$12.0M · 0.08%
Valley Express LLC WI$11.4M · 0.45%
B & K Transportation, Inc. WI$11.0M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391289185 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.