Plan Ledger DOL Form 5500 · updated monthly

Terpening Trucking Company, Inc.401(k)

TERPENING TRUCKING/TRI TANK CORPORATION 401(K) PLAN · SYRACUSE, NY · plan year 2022

Employer contribution per participant · 2022
$349

Terpening Trucking Company, Inc.'s 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $1,290,093 across 86 participant accounts, with employer contributions averaging $349 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New York (5,275th of 5,648), and 2,258th of 2,677 in transportation & warehousing. In 2022, employees put in $7.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,290,093
Participants with balances86
Active participants176
Employer contributions$61,342
Employee contributions$440,271
Employer contribution per active participant$349
Average account balance$15,001
Benefits paid to participants$6,671
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPA'S, PLLC
The Terpening Trucking Company, Inc. 401(k) match · 2022
Employer contribution per active participant$349
Median for plans this size$1,114

Terpening Trucking Company, Inc.'s 2022 employer contribution ran below the $1,114 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.

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Source: U.S. Department of Labor, Form 5500 series, EIN 150467780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.