Plan Ledger DOL Form 5500 · updated monthly

Al Piemonte Ford Sales Inc401(k)

PIEMONTE GROUP 401(K) PLAN · MELROSE PARK, IL · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Al Piemonte Ford Sales Inc reported $60,408 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $913 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 0.83% to 0.68%. 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 Illinois (2,423rd of 3,702), and 2,709th of 5,215 in retail trade. In 2024, employees put in $3.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,585,740
Participants with balances164
Active participants251
Employer contributions$229,061
Employee contributions$808,082
Employer contribution per active participant$913
Average account balance$58,450
Benefits paid to participants$844,129
Plan auditUnmodified (clean) audit opinion
AuditorMOWERY & SCHOENFELD, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 164 accts · $229K emplr
2023$8.2M · 171 accts · $239K emplr
2022$6.3M · 177 accts · $289K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,890
Investment management$33,218
Audit (IQPA)$16,250
Total administrative$60,408
The Al Piemonte Ford Sales Inc 401(k) match · 2024
Employer contribution per active participant$913
Median for plans this size$1,313
2024$913 per active participant
2023$924 per active participant
2022$1,147 per active participant

Al Piemonte Ford Sales Inc's 2024 employer contribution ran below 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.

Service providers · 20243
LASALLE STREET SECURITIES LLC · Investment advisory (plan)$33,218
MOWERY & SCHOENFELD LLC · Accounting / audit$16,250
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$10,890

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$60,408 · 0.68%
2023$54,909 · 0.76%
2022$54,839 · 0.83%
Similar plansRetail Trade · Illinois
Wickstrom Auto Group, Inc. IL$10.3M · 0.49%
J.A.K.Enterprises, Inc. IL$10.2M · 0.05%
Denman Services Inc. IL$9.9M · 0.08%
D'Arcy Buick Gmc, Inc. IL$9.7M · 0.60%
Maestro Food Co. IL$9.6M · 0.82%
Carpet Weavers, Inc. IL$9.5M · 0.41%
Hammacher Schlemmer IL$9.5M · 0.01%
Butera Finer Foods, Inc. IL$9.4M · 0.27%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363100902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.