Plan Ledger DOL Form 5500 · updated monthly

Transit Authority of Central Ken401(k)

TACK 401K PLAN · ELIZABETHTOWN, KY · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Transit Authority of Central Ken reported $4,465 in plan administrative expenses for 2024: 0.63% of average plan assets, below the peer median. Employer contributions averaged $1,226 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 0.53% to 0.63%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Kentucky (837th of 871), and 2,352nd of 2,677 in transportation & warehousing. In 2024, employees put in $1.26 for every $1.00 the employer contributed; active participation has grown from 62 to 72 since 2022.

Plan summary
Net assets, end of year$765,317
Participants with balances133
Active participants72
Employer contributions$88,279
Employee contributions$111,317
Employer contribution per active participant$1,226
Average account balance$5,754
Benefits paid to participants$155,772
Plan auditUnmodified (clean) audit opinion
AuditorPARK FOWLER & CO., PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$765K · 133 accts · $88K emplr
2023$650K · 134 accts · $70K emplr
2022$519K · 101 accts · $50K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,465
Total administrative$4,465
The Transit Authority of Central Ken 401(k) match · 2024
Employer contribution per active participant$1,226
Median for plans this size$540
2024$1,226 per active participant
2023$984 per active participant
2022$807 per active participant

Transit Authority of Central Ken's 2024 employer contribution ran above the $540 median for plans its size, placing it in the top 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
ADP, INC. · Loan processing · Recordkeeping$4,464

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$4,465 · 0.63%
2023$3,192 · 0.55%
2022$2,785 · 0.53%
Similar plansTransportation & Warehousing · Kentucky
Houston-Johnson Inc. KY$1.3M · 1.16%
Pyles Transport Inc. KY$919K · 0.57%
Hill Transportation Inc. KY$586K · 2.21%
Tco, LLC KY$583K
Gosshall Systems, LLC. KY$113K · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 454773481 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.