Plan Ledger DOL Form 5500 · updated monthly

Wheels, LLC401(k)

WHEELS, LLC. RETIREMENT SAVINGS PLAN · DES PLAINES, IL · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

Wheels, LLC reported $300,170 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $3,064 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 fell from 0.24% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 256th-largest of 3,702 plans among Illinois employers on file, and the 41st of 2,096 in real estate & leasing. In 2024, employees put in $2.40 for every $1.00 the employer contributed; active participation has grown from 812 to 1,976 since 2022.

Plan summary
Net assets, end of year$269,524,108
Participants with balances2,384
Active participants1,976
Employer contributions$6,055,067
Employee contributions$14,554,049
Employer contribution per active participant$3,064
Average account balance$113,055
Benefits paid to participants$26,937,684
Plan auditUnmodified (clean) audit opinion
AuditorERNST AND YOUNG
Plan history3
Yearassets · accounts · employer contribution
2024$269.5M · 2,384 accts · $6.1M emplr
2023$154.6M · 1,513 accts · $4.1M emplr
2022$94.2M · 996 accts · $1.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$182,578
Investment management$85,000
Total administrative$300,170
The Wheels, LLC 401(k) match · 2024
Employer contribution per active participant$3,064
Median for plans this size$3,635
2024$3,064 per active participant
2023$3,395 per active participant
2022$2,274 per active participant

Wheels, LLC's 2024 employer contribution ran below the $3,635 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$212,578
FOREST CAPITAL MANAGEMENT LLC · Investment advisory (plan)$85,000

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

Administrative cost history3
2024$300,170 · 0.14%
2023$193,354 · 0.16%
2022$246,237 · 0.24%
Same employer
Similar plansReal Estate & Leasing · Illinois
Encore Group (USA), LLC IL$453.2M · 0.19%
Equity Residential IL$326.5M · 0.04%
Jmb Realty Corporation IL$244.9M · 0.02%
Avison Young (USA) Inc. IL$136.7M · 0.17%
The Inland Group, LLC IL$108.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362317983 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.