Plan Ledger DOL Form 5500 · updated monthly

Anderson Automotive Group, Inc401(k)

ANDERSON AUTOMOTIVE GROUP 401(K) AND PROFIT SHARING PLAN · COCKEYSVILLE, MD · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Anderson Automotive Group, Inc reported $81,372 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,455 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 0.63%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 834th-largest of 1,671 plans among Maryland employers on file, and the 2,047th of 5,215 in retail trade. In 2024, employees put in $3.18 for every $1.00 the employer contributed; active participation has grown from 116 to 135 since 2022.

Plan summary
Net assets, end of year$13,733,400
Participants with balances153
Active participants135
Employer contributions$196,358
Employee contributions$623,715
Employer contribution per active participant$1,455
Average account balance$89,761
Benefits paid to participants$1,697,144
Plan auditUnmodified (clean) audit opinion
AuditorWEYRICH, CRONIN, & SORRA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 153 accts · $196K emplr
2023$12.1M · 122 accts · $158K emplr
2022$10.3M · 124 accts · $163K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,906
Investment management$58,466
Total administrative$81,372
The Anderson Automotive Group, Inc 401(k) match · 2024
Employer contribution per active participant$1,455
Median for plans this size$2,416
2024$1,455 per active participant
2023$1,400 per active participant
2022$1,406 per active participant

Anderson Automotive Group, Inc's 2024 employer contribution ran below the $2,416 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 · 20242
JANNEY MONTGOMERY SCOTT, LLC · Investment advisory (participants) · Investment advisory (plan)$58,466
NWPS · Loan processing$22,906

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$81,372 · 0.63%
2023$69,155 · 0.62%
2022$68,949 · 0.61%
Similar plansRetail Trade · Maryland
Bob Bell Automotive Group MD$14.3M · 0.58%
Bayside Auto Group MD$14.3M · 0.44%
Eastland Food Corporation MD$13.7M · 0.13%
Dfk Management, Inc. MD$13.3M · 0.78%
Mattress Warehouse LLC MD$12.2M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520541407 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.