Plan Ledger DOL Form 5500 · updated monthly

Two Men and a Truck International, LLC401(k)

TWO MEN AND A TRUCK INTERNATIONAL, LLC 401(K)PLAN · LANSING, MI · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Two Men and a Truck International, LLC reported $189,164 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,777 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 0.78% to 0.89%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 981st-largest of 2,619 plans among Michigan employers on file, and the 625th of 2,096 in real estate & leasing. In 2024, employees put in $2.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,524,733
Participants with balances591
Active participants228
Employer contributions$633,215
Employee contributions$1,330,905
Employer contribution per active participant$2,777
Average account balance$36,421
Benefits paid to participants$4,325,609
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.5M · 591 accts · $633K emplr
2023$20.9M · 579 accts · $659K emplr
2022$18.7M · 574 accts · $595K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,928
Investment management$53,236
Total administrative$189,164
The Two Men and a Truck International, LLC 401(k) match · 2024
Employer contribution per active participant$2,777
Median for plans this size$2,416
2024$2,777 per active participant
2023$2,747 per active participant
2022$2,351 per active participant

Two Men and a Truck International, LLC'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 · 20243
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping$10,962
LINCOLN NATIONAL CORPORATION · Contract administrator$124,966
MORGAN STANLEY GLOBAL BANKING · Investment advisory (participants)$53,236

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES
2023ADMIN. GROUP, LLC DBA TAG RESOURCES

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Administrative cost history3
2024$189,164 · 0.89%
2023$166,612 · 0.84%
2022$156,258 · 0.78%
Similar plansReal Estate & Leasing · Michigan
Dtn Management Company MI$27.7M · 0.45%
McKinley Companies, LLC MI$23.5M · 0.45%
Redico, LLC. MI$22.8M · 0.58%
The Forbes Company, LLC MI$20.5M · 0.21%
Oakland Management Corp MI$19.6M · 0.28%
Singh Management Co., LLC MI$18.8M · 0.00%
Kmg Prestige Incorporated MI$18.7M · 0.12%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382866506 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.