Plan Ledger DOL Form 5500 · updated monthly

Trans-Phos, Inc.401(k)

TRANS-PHOS, INC. RETIREMENT SAVINGS PLAN · BARTOW, FL · plan year 2023

Reported admin expense ratio · 2023
0.04%

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

Trans-Phos, Inc. reported $1,387 in plan administrative expenses for 2023: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $597 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (2,827th of 3,644), and 1,895th of 2,677 in transportation & warehousing. In 2023, employees put in $2.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,291,895
Participants with balances60
Active participants137
Employer contributions$81,851
Employee contributions$241,558
Employer contribution per active participant$597
Average account balance$54,865
Benefits paid to participants$415,263
Plan auditUnmodified (clean) audit opinion
AuditorRIVERO, GORDIMER & COMPANY, P.A.
Plan history2
Yearassets · accounts · employer contribution
2023$3.3M · 60 accts · $82K emplr
2022$2.9M · 65 accts · $80K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,387
Total administrative$1,387
The Trans-Phos, Inc. 401(k) match · 2023
Employer contribution per active participant$597
Median for plans this size$1,308
2023$597 per active participant
2022$654 per active participant

Trans-Phos, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$138

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

Administrative cost history2
2023$1,387 · 0.04%
2022Not separately reported
Same employer
Similar plansTransportation & Warehousing · Florida
Davis Express Inc. FL$3.5M · 0.01%
Pharmalink, Inc. FL$3.2M · 1.21%
B&L Service, Inc. FL$3.2M · 0.04%
Magaya Corporation FL$3.2M · 0.70%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593042773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.