Plan Ledger DOL Form 5500 · updated monthly

Thermo King Sales & Services, Inc.401(k)

THERMO KING SALES & SERVICES, INC. PROFIT SHARING PLAN · ST. PAUL, MN · plan year 2025

Reported admin expense ratio · 2025
0.52%

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

Thermo King Sales & Services, Inc. reported $61,323 in plan administrative expenses for 2025: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,325 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 3 years on file its reported administrative ratio rose from 0.43% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Minnesota (1,157th of 1,918), and the 990th of 2,677 in transportation & warehousing. In 2025, employees put in $2.45 for every $1.00 the employer contributed; active participation has grown from 124 to 182 since 2022.

Plan summary
Net assets, end of year$12,848,872
Participants with balances218
Active participants182
Employer contributions$423,223
Employee contributions$1,038,457
Employer contribution per active participant$2,325
Average account balance$58,940
Benefits paid to participants$1,492,862
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$12.8M · 218 accts · $423K emplr
2024$10.9M · 219 accts · $395K emplr
2023$10.1M · 170 accts · $365K emplr
2022$7.7M · 152 accts · $406K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$33,249
Investment management$28,074
Total administrative$61,323
The Thermo King Sales & Services, Inc. 401(k) match · 2025
Employer contribution per active participant$2,325
Median for plans this size$2,666
2025$2,325 per active participant
2024$1,910 per active participant
2023$2,604 per active participant
2022$3,274 per active participant

Thermo King Sales & Services, Inc.'s 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20252
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$33,249
BANK OF AMERICA NA · Investment advisory (plan)$28,074

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

Recordkeeper by year3
2025Transamerica
2024Transamerica
2023Transamerica

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

Administrative cost history4
2025$61,323 · 0.52%
2024$54,458 · 0.52%
2023$44,212 · 0.50%
2022$34,278 · 0.43%
Similar plansTransportation & Warehousing · Minnesota
Mn Coaches Family MN$27.7M · 0.28%
Beltmann Group Incorporated MN$23.7M · 0.40%
King Solutions, Inc. MN$13.4M · 0.50%
Caledonia Haulers, Inc. MN$12.3M · 0.16%
American Business Group MN$11.6M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410854252 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.