Plan Ledger DOL Form 5500 · updated monthly

Volvo Construction Equipment North America, LLC401(k)

VOLVO INVESTMENT PLAN · SHIPPENSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Volvo Construction Equipment North America, LLC reported $96,601 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,334 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.

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 236th-largest of 3,651 plans among Pennsylvania employers on file, and the 981st of 13,661 in manufacturing. In 2024, the employer put in $1.34 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$254,669,273
Participants with balances1,265
Active participants946
Employer contributions$9,775,507
Employee contributions$7,312,018
Employer contribution per active participant$10,334
Average account balance$201,320
Benefits paid to participants$25,179,038
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,178
Investment management$11,423
Total administrative$96,601
The Volvo Construction Equipment North America, LLC 401(k) match · 2024
Employer contribution per active participant$10,334
Median for plans this size$3,635

Volvo Construction Equipment North America, LLC's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$82,904
CURCIO WEBB · Consulting$11,423
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect 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
2023Transamerica

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Administrative cost history1
2024$96,601 · 0.04%
All plans at this employer2
VOLVO INVESTMENT PLAN401(k)
VOLVO INVESTMENT PLAN401(k)
Same employer
Similar plansManufacturing · Pennsylvania
Enviri Corporation PA$281.1M · 0.08%
Utz Quality Foods, LLC PA$274.5M · 0.20%
Quaker Chemical Corporation PA$274.2M · 0.08%
Clemens Family Corporation PA$260.4M · 0.27%
Globus Medical Inc. PA$233.4M · 0.16%
Newage Industries, Inc. PA$231.0M · 0.06%
Braskem America, Inc. PA$230.0M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382496821 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.