Plan Ledger DOL Form 5500 · updated monthly

Austrian Motors Corp.401(k)

AUSTRIAN MOTORS CORP. 401(K) PROFIT-SHARING PLAN · GAITHERSBURG, MD · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Austrian Motors Corp. reported $301,000 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,209 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 0.46% to 0.49%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 262nd-largest of 1,671 plans among Maryland employers on file, and the 539th of 5,215 in retail trade. In 2024, employees put in $4.35 for every $1.00 the employer contributed; active participation has grown from 445 to 605 since 2022.

Plan summary
Net assets, end of year$64,085,935
Participants with balances620
Active participants605
Employer contributions$731,578
Employee contributions$3,180,136
Employer contribution per active participant$1,209
Average account balance$103,364
Benefits paid to participants$6,353,897
Plan auditUnmodified (clean) audit opinion
AuditorTEAL, BECKER & CHIARAMONTE CPA'S PC
Plan history3
Yearassets · accounts · employer contribution
2024$64.1M · 620 accts · $732K emplr
2023$59.3M · 589 accts · $781K emplr
2022$54.1M · 583 accts · $831K emplr
The Austrian Motors Corp. 401(k) match · 2024
Employer contribution per active participant$1,209
Median for plans this size$3,635
2024$1,209 per active participant
2023$1,727 per active participant
2022$1,867 per active participant

Austrian Motors Corp.'s 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom 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 · 20244
PROACCOUNT · Investment management$121,300
NATIONWIDE TRUST COMPANY, FSB · Investment management$107,382
MORGAN STANLEY · Investment management$89,967
NATIONWIDE · Investment management$325

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$301,000 · 0.49%
2023$279,505 · 0.49%
2022$265,193 · 0.46%
Similar plansRetail Trade · Maryland
Atlantic Automotive Corp. MD$149.4M · 0.15%
Liquidity Services, Inc. MD$67.9M · 0.19%
Mariam, Inc. dba Darcars MD$51.3M · 0.43%
The Wills Group, Inc. MD$45.8M · 0.10%
Thompsongas, LLC MD$40.3M · 0.48%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521080846 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.