Plan Ledger DOL Form 5500 · updated monthly

Virginia Truck Center, Inc.401(k)

EXCEL TRUCK GROUP 401(K) PLAN · ROANOKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Virginia Truck Center, Inc. reported $186,580 in plan administrative expenses for 2024: 0.55% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,644 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 0.19% to 0.55%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 607th-largest of 2,266 plans among Virginia employers on file, and the 826th of 5,215 in retail trade. In 2024, employees put in $3.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,431,824
Participants with balances773
Active participants712
Employer contributions$1,170,475
Employee contributions$3,686,572
Employer contribution per active participant$1,644
Average account balance$49,718
Benefits paid to participants$4,904,316
Plan auditUnmodified (clean) audit opinion
AuditorSPENCER, HAGER & MOSDELL P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$38.4M · 773 accts · $1.2M emplr
2023$29.2M · 726 accts · $1.0M emplr
2022$23.6M · 688 accts · $608K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,695
Investment management$111,135
Audit (IQPA)$12,750
Total administrative$186,580
The Virginia Truck Center, Inc. 401(k) match · 2024
Employer contribution per active participant$1,644
Median for plans this size$2,416
2024$1,644 per active participant
2023$1,519 per active participant
2022$923 per active participant

Virginia Truck Center, Inc.'s 2024 employer contribution ran below 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
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$62,695
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$111,135
SPENCER HAGER & MOSDELL, PC · Accounting / audit$12,750

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
2023Transamerica

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

Administrative cost history3
2024$186,580 · 0.55%
2023$147,213 · 0.56%
2022$46,750 · 0.19%
Same employer
Similar plansRetail Trade · Virginia
Ourisman Fairfax Toyota VA$42.2M · 0.46%
Ukrop's Super Markets, Inc. VA$39.9M · 0.10%
Tsrc, Inc. VA$39.3M · 0.45%
Gpm Investments, LLC VA$39.2M · 0.59%
Ted Britt Ford Sales, Inc. VA$29.8M · 0.38%
Haley Buick Gmc Truck, Inc VA$28.4M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540481876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.