Plan Ledger DOL Form 5500 · updated monthly

Anderson Nissan Inc.401(k)

ANDERSON AUTOMOTIVE RETIREMENT PLAN · LOVES PARK, IL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Anderson Nissan Inc. reported $87,950 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,782 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 0.38%. 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 1,502nd-largest of 3,702 plans among Illinois employers on file, and the 1,217th of 5,215 in retail trade. In 2024, employees put in $2.38 for every $1.00 the employer contributed; active participation has grown from 240 to 316 since 2022.

Plan summary
Net assets, end of year$24,655,850
Participants with balances284
Active participants316
Employer contributions$563,233
Employee contributions$1,339,025
Employer contribution per active participant$1,782
Average account balance$86,816
Benefits paid to participants$1,650,193
Plan auditUnmodified (clean) audit opinion
AuditorWOODWARD AND ASSOCIATES, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$24.7M · 284 accts · $563K emplr
2023$21.8M · 285 accts · $572K emplr
2022$18.4M · 273 accts · $447K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$143
Trustee / custodial$87,807
Total administrative$87,950
The Anderson Nissan Inc. 401(k) match · 2024
Employer contribution per active participant$1,782
Median for plans this size$2,416
2024$1,782 per active participant
2023$1,829 per active participant
2022$1,861 per active participant

Anderson Nissan 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 · 20243
MIDLAND STATES BANK · Trustee (discretionary)$87,807
CHARLES SCHWAB TRUST BANK · Custodial (securities)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$87,950 · 0.38%
2023$73,172 · 0.36%
2022$72,963 · 0.37%
Similar plansRetail Trade · Illinois
Uftring Chevrolet, Inc. IL$26.6M · 0.45%
School Health Corporation IL$26.4M · 0.35%
Graham Enterprise, Inc. IL$26.1M · 0.33%
B2B Industrial Packaging IL$24.2M · 0.63%
McGrath Enterprises, Inc. IL$24.0M · 0.10%
Daiohs USA, Inc. IL$23.6M · 0.43%
Wjk Corporation IL$20.3M · 0.46%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 362691426 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.