Plan Ledger DOL Form 5500 · updated monthly

Thompson Truck & Trailer, LLC401(k)

THOMPSON TRUCK & TRAILER, LLC 401(K) RETIREMENT PLAN · CEDAR RAPIDS, IA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Thompson Truck & Trailer, LLC reported $6,792 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,015 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 0.058% to 0.063%. 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 Iowa (547th of 878), and the 1,065th of 2,677 in transportation & warehousing. In 2024, employees put in $2.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,583,665
Participants with balances143
Active participants194
Employer contributions$196,925
Employee contributions$477,875
Employer contribution per active participant$1,015
Average account balance$81,005
Benefits paid to participants$393,249
Plan auditUnmodified (clean) audit opinion
AuditorHONKAMP, PC
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 143 accts · $197K emplr
2023$9.8M · 147 accts · $212K emplr
2022$9.1M · 154 accts · $229K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,352
Investment management$2,440
Total administrative$6,792
The Thompson Truck & Trailer, LLC 401(k) match · 2024
Employer contribution per active participant$1,015
Median for plans this size$2,416
2024$1,015 per active participant
2023$1,001 per active participant
2022$1,291 per active participant

Thompson Truck & Trailer, LLC'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 · 20241
USI CONSULTING GROUP · Claims processing · Recordkeeping$6,791

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

Recordkeeper by year2
2024USI Consulting
2023USI Consulting

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

Administrative cost history3
2024$6,792 · 0.06%
2023$5,462 · 0.06%
2022$5,521 · 0.06%
Same employer
Similar plansTransportation & Warehousing · Iowa
Panama Transfer IA$21.8M · 0.58%
Schuster Co Inc IA$15.3M · 0.55%
Nor-Am, Inc. IA$13.9M · 0.94%
Heyl Truck Lines Inc. IA$10.7M · 0.30%
Windstar Lines, Inc. IA$7.0M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421478513 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.