Plan Ledger DOL Form 5500 · updated monthly

Usher Transport, Inc.401(k)

USHER TRANSPORT, INC. 401(K) PROFIT SHARING PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Usher Transport, Inc. reported $49,167 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $1,968 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 0.61% to 0.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Kentucky (553rd of 871), and the 1,328th of 2,677 in transportation & warehousing. In 2024, employees put in $2.50 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,623,007
Participants with balances101
Active participants107
Employer contributions$210,627
Employee contributions$525,806
Employer contribution per active participant$1,968
Average account balance$75,475
Benefits paid to participants$783,175
Plan auditUnmodified (clean) audit opinion
AuditorKERBER, ECK & BRAECKEL, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 101 accts · $211K emplr
2023$6.8M · 108 accts · $215K emplr
2022$5.7M · 115 accts · $190K emplr
Administrative expenses, itemized · 2024
Investment management$49,167
Total administrative$49,167
The Usher Transport, Inc. 401(k) match · 2024
Employer contribution per active participant$1,968
Median for plans this size$1,313
2024$1,968 per active participant
2023$1,856 per active participant
2022$1,700 per active participant

Usher Transport, 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$48,708
MESIROW FINANCIAL, INC. · Investment advisory (plan)$460
ROBERT W. BAIRD & CO., INC. · Insurance broker · Insurance servicesindirect comp

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

Recordkeeper by year2
2024Transamerica
2023RETIREMENT MANAGEMENT SERVICES, LLC, Transamerica

This plan has changed recordkeepers within these filings. If you left Usher Transport, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$49,167 · 0.68%
2023$42,277 · 0.68%
2022$38,059 · 0.61%
Same employer
Similar plansTransportation & Warehousing · Kentucky
Paschall Truck Lines, Inc KY$12.8M · 1.25%
M & M Cartage, Inc. KY$10.4M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610647287 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.