Plan Ledger DOL Form 5500 · updated monthly

Badge Motor Company401(k)

SHEARER AUTOMOTIVE PSP AND TRUST · SOUTH BURLINGTON, VT · plan year 2023

Reported admin expense ratio · 2023
0.40%

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

Badge Motor Company reported $31,911 in plan administrative expenses for 2023: 0.40% of average plan assets, below the peer median. Employer contributions averaged $1,475 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 0.14% to 0.33%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Vermont (157th of 230), and 2,889th of 5,215 in retail trade. In 2023, employees put in $2.96 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,730,066
Participants with balances100
Active participants87
Employer contributions$128,362
Employee contributions$379,817
Employer contribution per active participant$1,475
Average account balance$87,301
Benefits paid to participants$757,951
Plan auditUnmodified (clean) audit opinion
AuditorWITHUMSMITH BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 104 accts · $136K emplr
2023$8.7M · 100 accts · $128K emplr
2022$7.4M · 122 accts · $139K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,864
Investment management$26,047
Total administrative$31,911
The Badge Motor Company 401(k) match · 2023
Employer contribution per active participant$1,475
Median for plans this size$1,308
2024$1,596 per active participant
2023$1,475 per active participant
2022$1,566 per active participant

Badge Motor Company's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
THE VANGUARD GROUP, INC. · Loan processing · Recordkeeping$5,864
MORGAN STANLEY GLOBAL · Investment advisory (plan)$26,047

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$27,791 · 0.33%
2023$31,911 · 0.40%
2022$11,539 · 0.14%
Similar plansRetail Trade · Vermont
Mactaw, Inc. VT$10.4M · 0.92%
Cota & Cota, Inc. VT$9.1M · 0.02%
St. Johnsbury Subaru LLC VT$5.9M · 1.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264529125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.