Plan Ledger DOL Form 5500 · updated monthly

Trail King Industries, Inc.401(k)

TRAIL KING INDUSTRIES EMPLOYEES' RETIREMENT SAVINGS PLAN · MITCHELL, SD · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Trail King Industries, Inc. reported $24,146 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,604 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 has held roughly steady near 0.037%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 27th-largest of 233 plans among South Dakota employers on file, and the 2,514th of 13,661 in manufacturing. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$68,115,105
Participants with balances753
Active participants642
Employer contributions$1,671,619
Employee contributions$2,948,035
Employer contribution per active participant$2,604
Average account balance$90,458
Benefits paid to participants$7,701,357
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$68.1M · 753 accts · $1.7M emplr
2023$62.7M · 737 accts · $1.5M emplr
2022$55.0M · 721 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,146
Total administrative$24,146
The Trail King Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,604
Median for plans this size$3,635
2024$2,604 per active participant
2023$2,452 per active participant
2022$2,323 per active participant

Trail King Industries, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$24,146

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$24,146 · 0.04%
2023$21,669 · 0.04%
2022$22,375 · 0.04%
Similar plansManufacturing · South Dakota
Daktronics, Inc. SD$262.5M · 0.10%
Amesbury Group, Inc. SD$129.2M · 0.19%
Sonifi Solutions, Inc. SD$95.2M · 0.20%
Raven Industries, Inc. SD$56.8M · 0.18%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 460320593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.