Plan Snapshot
- Plan Sponsor: Ward Transport & Logistics Corp.
- Sponsor EIN: 231299361
- Sponsor Address: 1436 WARD TRUCKING DRIVE, ALTOONA, PA, 16602
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 1,810
- Total Assets: $99.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 1,810 | $99.3M | $0 | $0 |
| 2024 | 1,600 | $87.6M | $2.5M | $8.3M |
| 2023 | 1,568 | $78.8M | $2.5M | $7.8M |
| 2022 | 1,453 | $65.5M | $2.5M | $7.4M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $237,876 | $2,341 | $240,217 |
| HENDERSON BROTHERS FINANCIAL PARTNE | Investment Advisor | $46,862 | $27 | $46,889 |
| GLOBAL RETIREMENT PARTNERS LLC | Investment Advisor | $33,074 | $37 | $33,111 |
| YOUNG, OAKES, BROWN & CO. | Other Service Provider | — | $7,890 | $7,890 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $328,107
- Estimated Expense Ratio: 0.330% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2025 | $13,953,111 | $79,936 | $237,876 | — | — |
| 2024 | $289,850 | $79,942 | $209,908 | — | — |
| 2023 | $257,080 | $78,796 | $178,284 | — | — |
| 2022 | $102,549 | $3,470 | $99,079 | — | — |