Plan Ledger DOL Form 5500 · updated monthly

Transforce, Inc.401(k)

TRANSFORCE, INC. 401(K) PLAN · ALEXANDRIA, VA · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Transforce, Inc. reported $127,406 in plan administrative expenses for 2024: 0.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $601 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 0.663%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 1,003rd-largest of 2,266 plans among Virginia employers on file, and the 620th of 2,534 in administrative & support services. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has shrunk from 2,689 to 1,731 since 2022.

Plan summary
Net assets, end of year$19,756,142
Participants with balances516
Active participants1,731
Employer contributions$1,040,058
Employee contributions$1,924,461
Employer contribution per active participant$601
Average account balance$38,287
Benefits paid to participants$4,318,158
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.8M · 516 accts · $1.0M emplr
2023$18.7M · 580 accts · $1.3M emplr
2022$15.0M · 681 accts · $1.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,213
Investment management$45,193
Total administrative$127,406
The Transforce, Inc. 401(k) match · 2024
Employer contribution per active participant$601
Median for plans this size$2,416
2024$601 per active participant
2023$582 per active participant
2022$540 per active participant

Transforce, Inc.'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 · 20242
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)$45,193

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$127,406 · 0.66%
2023$109,115 · 0.65%
2022$105,319 · 0.66%
Same employer
Similar plansAdministrative & Support Services · Virginia
Enserv, Inc. VA$24.3M · 0.37%
Gap Solutions, Inc. VA$21.9M · 0.67%
Kt Enterprises, Inc. VA$20.6M · 0.65%
Prosegur Sis USA, Inc. VA$20.5M · 1.28%
Cibt Inc VA$19.5M · 0.48%
Omega World Travel, Inc. VA$16.5M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541922539 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.