Plan Ledger DOL Form 5500 · updated monthly

Work Truck Solutions Inc401(k)

WORK TRUCK SOLUTIONS, INC. 401(K) PLAN · CHICO, CA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Work Truck Solutions Inc reported $10,771 in plan administrative expenses for 2024: 0.30% of average plan assets, below the peer median. Employer contributions averaged $2,087 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 0.25% to 0.30%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in California (7,237th of 9,483), and 10,037th of 11,654 in professional & technical services. In 2024, employees put in $2.82 for every $1.00 the employer contributed; active participation has grown from 78 to 104 since 2022.

Plan summary
Net assets, end of year$4,378,905
Participants with balances163
Active participants104
Employer contributions$217,010
Employee contributions$611,349
Employer contribution per active participant$2,087
Average account balance$26,864
Benefits paid to participants$222,548
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 163 accts · $217K emplr
2023$2.8M · 140 accts · $165K emplr
2022$1.9M · 132 accts · $155K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,220
Investment management$1,691
Trustee / custodial$860
Total administrative$10,771
The Work Truck Solutions Inc 401(k) match · 2024
Employer contribution per active participant$2,087
Median for plans this size$1,313
2024$2,087 per active participant
2023$1,946 per active participant
2022$1,989 per active participant

Work Truck Solutions Inc's 2024 employer contribution ran above the $1,313 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.

Administrative cost history3
2024$10,771 · 0.30%
2023$6,835 · 0.29%
2022$4,739 · 0.25%
Similar plansProfessional & Technical Services · California
Rice Services, Inc. CA$4.4M · 1.87%
Procureability Inc CA$4.4M · 0.40%
Del Oro Consulting CA$4.4M · 0.52%
Deputy Corporation CA$4.4M · 0.16%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 454981714 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.