Plan Ledger DOL Form 5500 · updated monthly

Wilbanks Trucking Services, LLC401(k)

WILBANKS TRUCKING SERVICES, LLC 401(K) PROFIT SHARING PLAN · ARTESIA, NM · plan year 2023

Reported admin expense ratio · 2023
0.87%

Wilbanks Trucking Services, LLC reported $23,445 in plan administrative expenses for 2023: 0.87% of average plan assets, higher than ~75% of peers. 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 6 years on file its reported administrative ratio rose from 1.08% to 1.41%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in New Mexico (224th of 290), and 1,952nd of 2,677 in transportation & warehousing. active participation has shrunk from 201 to 125 since 2018.

Plan summary
Net assets, end of year$2,922,174
Participants with balances187
Active participants125
Employer contributions—
Employee contributions$519,081
Employer contribution per active participant—
Average account balance$15,627
Benefits paid to participants$421,585
Plan auditUnmodified (clean) audit opinion
AuditorLAWRENCE J. BEARDSLEY CPA, PLLC
Plan history7
Yearassets · accounts · employer contribution
2024$2.7M · 75 accts
2023$2.9M · 187 accts
2022$2.5M · 186 accts
2021$2.5M · 164 accts
2020$2.1M · 163 accts · $4K emplr
2019$2.1M · 190 accts · $379K emplr
2018$916K · 186 accts · $262K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$7,483
Trustee / custodial$15,962
Total administrative$23,445
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
RETIREMENT DIRECT · Recordkeeping$7,483
FIRST AMERICAN BANK · Trustee$15,962

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

Recordkeeper by year2
2024RETIREMENT DIRECT, LLC
2023RETIREMENT DIRECT

This plan has changed recordkeepers within these filings. If you left Wilbanks Trucking Services, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history7
2024$39,414 · 1.41%
2023$23,445 · 0.87%
2022$21,213 · 0.86%
2021$25,393 · 1.10%
2020$36,800 · 1.74%
2019$25,226 · 1.68%
2018$5,889 · 1.08%
Similar plansTransportation & Warehousing · New Mexico
Mvt Holdings, LLC NM$39.1M · 0.52%
Mvt Holdings, LLC NM$26.7M · 0.54%
M & R Trucking, Inc. NM$2.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810746726 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.