Plan Ledger DOL Form 5500 · updated monthly

Allen Turner Automotive, Inc.401(k)

ALLEN TURNER AUTOMOTIVE INC 401(K) PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
0.72%

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

Allen Turner Automotive, Inc. reported $49,168 in plan administrative expenses for 2024: 0.72% of average plan assets, above the peer median. Employer contributions averaged $1,414 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 3 years on file its reported administrative ratio has held roughly steady near 0.72%. 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 Florida (2,132nd of 3,644), and 3,234th of 5,215 in retail trade. In 2024, employees put in $2.81 for every $1.00 the employer contributed; active participation has grown from 166 to 202 since 2022.

Plan summary
Net assets, end of year$7,162,385
Participants with balances168
Active participants202
Employer contributions$285,633
Employee contributions$803,674
Employer contribution per active participant$1,414
Average account balance$42,633
Benefits paid to participants$974,214
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 168 accts · $286K emplr
2023$6.5M · 153 accts · $316K emplr
2022$5.0M · 140 accts · $321K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,168
Total administrative$49,168
The Allen Turner Automotive, Inc. 401(k) match · 2024
Employer contribution per active participant$1,414
Median for plans this size$1,313
2024$1,414 per active participant
2023$1,720 per active participant
2022$1,935 per active participant

Allen Turner Automotive, 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.

Service providers · 20243
PRINCIPAL LIFE INSURANCE CO · Contract administrator · Loan processing$49,168
WILSHIRE ASSOCIATES INCORPORATED · Investment advisory (plan)indirect comp
STIFEL NICOLAUS & COMPANY INC · Other servicesindirect comp

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$49,168 · 0.72%
2023$40,511 · 0.71%
2022$32,988 · 0.70%
Same employer
Similar plansRetail Trade · Florida
Beck Auto Sales, Inc. FL$6.9M · 0.53%
Arnott Industries, Inc. FL$6.9M · 0.52%
Proctor & Proctor, Inc. FL$6.6M · 0.74%
Plantation Sales, Inc. FL$6.5M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592343376 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.