Plan Ledger DOL Form 5500 · updated monthly

Tri-State Truck Center, Inc.401(k)

THE TRI-STATE TRUCK CENTER, INC. 401(K) RETIREMENT PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Tri-State Truck Center, Inc. reported $22,642 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,060 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 fell from 0.073% to 0.069%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 378th-largest of 1,496 plans among Tennessee employers on file, and the 1,205th of 4,246 in wholesale trade. In 2024, employees put in $2.17 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$34,065,985
Participants with balances408
Active participants310
Employer contributions$948,610
Employee contributions$2,055,437
Employer contribution per active participant$3,060
Average account balance$83,495
Benefits paid to participants$4,250,303
Plan auditUnmodified (clean) audit opinion
AuditorWATKINS AND UIBERALL, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$34.1M · 408 accts · $949K emplr
2023$32.0M · 387 accts · $1.0M emplr
2022$31.4M · 355 accts · $832K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,642
Total administrative$22,642
The Tri-State Truck Center, Inc. 401(k) match · 2024
Employer contribution per active participant$3,060
Median for plans this size$2,416
2024$3,060 per active participant
2023$3,214 per active participant
2022$2,889 per active participant

Tri-State Truck Center, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20242
EXECUTIVE INSURANCE AGENCY INCindirect comp

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$22,642 · 0.07%
2023$20,800 · 0.07%
2022$24,848 · 0.07%
Similar plansWholesale Trade · Tennessee
Surgicor, LLC TN$34.3M · 0.18%
Lipman Brothers LLC TN$34.3M · 0.62%
Dunavant Enterprises, Inc. TN$28.6M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620722007 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.