Plan Ledger DOL Form 5500 · updated monthly

True Fitness Technology, Inc.401(k)

TRUE FITNESS TECHNOLOGY, INC. PROFIT SHARING PLAN · OFALLON, MO · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

True Fitness Technology, Inc. reported $49,103 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $1,989 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 0.62% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Missouri (944th of 1,393), and 3,069th of 5,215 in retail trade. In 2024, employees put in $3.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,885,435
Participants with balances139
Active participants116
Employer contributions$230,666
Employee contributions$700,240
Employer contribution per active participant$1,989
Average account balance$56,730
Benefits paid to participants$649,393
Plan auditUnmodified (clean) audit opinion
AuditorRUBINBROWN
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 139 accts · $231K emplr
2023$6.7M · 133 accts · $216K emplr
2022$5.8M · 135 accts · $206K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,783
Total administrative$49,103
The True Fitness Technology, Inc. 401(k) match · 2024
Employer contribution per active participant$1,989
Median for plans this size$1,313
2024$1,989 per active participant
2023$1,771 per active participant
2022$1,684 per active participant

True Fitness Technology, Inc.'s 2024 employer contribution ran above the $1,313 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
BENEFIT PLANS PLUS LLC · Other servicesindirect 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$49,103 · 0.67%
2023$39,748 · 0.64%
2022$39,715 · 0.62%
Similar plansRetail Trade · Missouri
Tri-Star Imports, Inc. MO$8.4M · 0.80%
Wm. a. Straub, Inc. MO$8.2M · 0.71%
Scrubs & Beyond LLC MO$8.0M · 0.21%
Midwest Petroleum Company MO$6.8M · 0.27%
Bob Sight Ford, Inc. MO$6.5M · 0.04%
Woods Supermarket, Inc. MO$6.4M · 0.93%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431240135 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.