Plan Ledger DOL Form 5500 · updated monthly

Veriha Trucking, Inc.401(k)

VERIHA TRUCKING, INC. 401(K) PROFIT SHARING PLAN · MARINETTE, WI · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Veriha Trucking, Inc. reported $64,731 in plan administrative expenses for 2024: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $285 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 3 years on file its reported administrative ratio has held roughly steady near 0.91%. 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 Wisconsin (1,430th of 1,936), and the 1,312th of 2,677 in transportation & warehousing. In 2024, employees put in $7.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,793,001
Participants with balances162
Active participants239
Employer contributions$68,050
Employee contributions$535,908
Employer contribution per active participant$285
Average account balance$48,105
Benefits paid to participants$651,275
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.8M · 162 accts · $68K emplr
2023$6.4M · 162 accts · $82K emplr
2022$5.4M · 149 accts · $81K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,981
Audit (IQPA)$14,750
Total administrative$64,731
The Veriha Trucking, Inc. 401(k) match · 2024
Employer contribution per active participant$285
Median for plans this size$1,313
2024$285 per active participant
2023$343 per active participant
2022$327 per active participant

Veriha Trucking, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20243
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$65,903
HAWKINS ASH CPAS · Accounting / audit$14,750
NICOLET NATIONAL BANK · Investment advisory (participants) · Investment advisory (plan)indirect 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
2024Alerus
2023Alerus

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

Administrative cost history3
2024$64,731 · 0.91%
2023$44,127 · 0.75%
2022$55,979 · 0.95%
Same employer
Similar plansTransportation & Warehousing · Wisconsin
Sutton Transport, Inc. WI$8.9M · 1.47%
Kobussen Buses, LTD. WI$8.4M · 0.58%
Rands Trucking, Inc. WI$8.2M · 0.28%
Christopher Morgan, LLC WI$7.5M · 0.81%
Wel Companies, Inc. WI$6.7M · 1.00%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 391474414 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.