Plan Ledger DOL Form 5500 · updated monthly

American Association of Motor Vehicle Administrators401(k)

AMERICAN ASSOCIATION OF MOTOR VEHICLE ADMINISTRATORS (AAMVA) 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.14%

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

American Association of Motor Vehicle Administrators reported $78,798 in plan administrative expenses for 2024: 0.14% of average plan assets, above the peer median. Employer contributions averaged $9,050 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 0.13% to 0.14%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other other services employers. By assets it is the 430th-largest of 2,266 plans among Virginia employers on file, and the 358th of 3,341 in other services. In 2024, employees put in $1.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$60,216,583
Participants with balances266
Active participants213
Employer contributions$1,927,749
Employee contributions$3,049,159
Employer contribution per active participant$9,050
Average account balance$226,378
Benefits paid to participants$4,322,177
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$60.2M · 266 accts · $1.9M emplr
2023$52.5M · 258 accts · $2.0M emplr
2022$43.5M · 253 accts · $1.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$78,798
Total administrative$78,798
The American Association of Motor Vehicle Administrators 401(k) match · 2024
Employer contribution per active participant$9,050
Median for plans this size$3,635
2024$9,050 per active participant
2023$9,332 per active participant
2022$8,941 per active participant

American Association of Motor Vehicle Administrators's 2024 employer contribution ran above the $3,635 median for plans its size, placing it in the top 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$78,797
PRINCIPAL SECURITIES INC · Investment advisory (plan)indirect comp
WILSHIRE ADVISORS, LLC · Investment advisory (plan)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 history3
2024$78,798 · 0.14%
2023$65,461 · 0.14%
2022$59,718 · 0.13%
Same employer
Similar plansOther Services · Virginia
Episcopal High School VA$71.6M · 0.18%
Metron, Inc. VA$67.7M · 0.13%
The Conservation Fund VA$66.0M · 0.26%
Western Branch Diesel LLC VA$58.2M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 530172317 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.