Plan Ledger DOL Form 5500 · updated monthly

Voestalpine Railway Systems Nortrak LLC401(k)

VOESTALPINE RAILWAY SYSTEMS NORTRAK LLC 401(K) RETIREMENT PLAN · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Voestalpine Railway Systems Nortrak LLC reported $222,593 in plan administrative expenses for 2024: 0.42% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,110 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 0.42%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 132nd-largest of 902 plans among Alabama employers on file, and the 2,893rd of 13,661 in manufacturing. In 2024, employees put in $3.98 for every $1.00 the employer contributed; active participation has grown from 830 to 923 since 2022.

Plan summary
Net assets, end of year$56,232,962
Participants with balances1,323
Active participants923
Employer contributions$1,024,390
Employee contributions$4,076,712
Employer contribution per active participant$1,110
Average account balance$42,504
Benefits paid to participants$6,212,775
Plan auditUnmodified (clean) audit opinion
AuditorCOKER & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$56.2M · 1,323 accts · $1.0M emplr
2023$50.9M · 1,161 accts · $1.2M emplr
2022$42.6M · 1,076 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$135,524
Total administrative$222,593
The Voestalpine Railway Systems Nortrak LLC 401(k) match · 2024
Employer contribution per active participant$1,110
Median for plans this size$3,635
2024$1,110 per active participant
2023$1,338 per active participant
2022$1,350 per active participant

Voestalpine Railway Systems Nortrak LLC's 2024 employer contribution ran below the $3,635 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 · 20242
T ROWE PRICE RPS INC · Recordkeeping · Trustee$135,524
UBS · Consulting$86,735

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

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

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Administrative cost history3
2024$222,593 · 0.42%
2023$197,405 · 0.42%
2022$184,933 · 0.40%
Same employer
Similar plansManufacturing · Alabama
Amerex Corporation AL$61.9M · 0.07%
Mobis-Alabama, LLC AL$57.9M · 0.44%
Bbb Industries, LLC AL$54.5M · 0.36%
Hanna Steel Corporation AL$44.8M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 830317459 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.