Plan Ledger DOL Form 5500 · updated monthly

Addis Automotive Group, Inc.401(k)

ADDIS AUTOMOTIVE GROUP, INC. 401(K) PLAN · VALENCIA, CA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Addis Automotive Group, Inc. reported $34,240 in plan administrative expenses for 2024: 0.61% of average plan assets, above the peer median. Employer contributions averaged $195 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 1 year on file its reported administrative ratio rose from 0.31% to 0.61%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (6,731st of 9,483), and 3,534th of 5,215 in retail trade. In 2024, employees put in $21.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,842,554
Participants with balances180
Active participants157
Employer contributions$30,565
Employee contributions$647,510
Employer contribution per active participant$195
Average account balance$32,459
Benefits paid to participants$687,670
Plan auditUnmodified (clean) audit opinion
AuditorFORVIS MAZARS, LLC
Plan history2
Yearassets · accounts · employer contribution
2024$5.8M · 180 accts · $31K emplr
2023$5.3M · 148 accts · $107K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,290
Total administrative$34,240
The Addis Automotive Group, Inc. 401(k) match · 2024
Employer contribution per active participant$195
Median for plans this size$1,313
2024$195 per active participant
2023$731 per active participant

Addis Automotive Group, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
DUNCAN FINANCIAL GROUP, LLC · Contract administrator$7,244
NATIONAL AUTOMOTIVE DEALERS ASSOC$6,072
CENTAURUS FINANCIAL INC.indirect comp

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

Administrative cost history2
2024$34,240 · 0.61%
2023$16,449 · 0.31%
Same employer
Similar plansRetail Trade · California
Classic Concepts, Inc. CA$6.0M · 0.83%
Bkm Officeworks, LLC CA$5.9M · 0.04%
The Black Tux, Inc. CA$5.9M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 920768954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.