Plan Ledger DOL Form 5500 · updated monthly

Tazmanian Freight Systems, Inc.401(k)

TAZMANIAN FREIGHT FORWARDING 401K PLAN · MIDDLEBURG HTS, OH · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Tazmanian Freight Systems, Inc. reported $78,787 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,464 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 0.59% to 0.63%. 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 Ohio (1,668th of 3,295), and the 942nd of 2,677 in transportation & warehousing. In 2024, employees put in $1.84 for every $1.00 the employer contributed; active participation has grown from 167 to 207 since 2022.

Plan summary
Net assets, end of year$14,008,891
Participants with balances168
Active participants207
Employer contributions$509,999
Employee contributions$940,710
Employer contribution per active participant$2,464
Average account balance$83,386
Benefits paid to participants$318,679
Plan auditDisclaimer of opinion
AuditorZINNER & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 168 accts · $510K emplr
2023$10.8M · 150 accts · $476K emplr
2022$7.9M · 126 accts · $403K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,744
Investment management$38,043
Total administrative$78,787
The Tazmanian Freight Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$2,464
Median for plans this size$2,416
2024$2,464 per active participant
2023$2,417 per active participant
2022$2,412 per active participant

Tazmanian Freight Systems, Inc.'s 2024 employer contribution ran above 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 · 20242
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$430
CBIZ INVESTMENT ADVISORY · Investment advisory (participants)$38,043

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$78,787 · 0.63%
2023$58,288 · 0.62%
2022$48,319 · 0.59%
Same employer
Similar plansTransportation & Warehousing · Ohio
Encore Technologies OH$15.2M · 0.47%
Hef-Usa, Inc. OH$14.9M · 0.52%
Cathcart Rail, LLC OH$14.8M · 0.60%
Continental Express, Inc. OH$13.5M · 0.51%
Bls Trucking, Inc. OH$13.4M · 0.92%
Moeller Trucking, Inc. OH$11.0M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341596477 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.