Plan Ledger DOL Form 5500 · updated monthly

Bayway Lincoln Mercury, Inc.401(k)

BAYWAY LINCOLN MERCURY, INC. 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Bayway Lincoln Mercury, Inc. reported $67,631 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $1,417 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 0.55% to 0.70%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Texas (2,972nd of 5,688), and the 2,511th of 5,215 in retail trade. In 2024, employees put in $2.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,662,842
Participants with balances456
Active participants429
Employer contributions$607,843
Employee contributions$1,421,949
Employer contribution per active participant$1,417
Average account balance$23,383
Benefits paid to participants$1,287,292
Plan auditUnmodified (clean) audit opinion
AuditorHARPER & PEARSON COMPANY, PC
Plan history3
Yearassets · accounts · employer contribution
2024$10.7M · 456 accts · $608K emplr
2023$8.5M · 371 accts · $564K emplr
2022$6.8M · 271 accts · $548K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,383
Investment management$20,221
Total administrative$67,631
The Bayway Lincoln Mercury, Inc. 401(k) match · 2024
Employer contribution per active participant$1,417
Median for plans this size$1,313
2024$1,417 per active participant
2023$909 per active participant
2022$1,298 per active participant

Bayway Lincoln Mercury, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20244
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$10,800
ADP INC · Recordkeeping$3,246
MBG RETIREMENT, INC. · Investment advisory (participants)$20,221
ADP BROKER DEALERindirect comp

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

Recordkeeper by year2
2024ADP, John Hancock
2023John Hancock

This plan has changed recordkeepers within these filings. If you left Bayway Lincoln Mercury, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$67,631 · 0.70%
2023$51,632 · 0.67%
2022$35,751 · 0.55%
Same employer
Similar plansRetail Trade · Texas
Culligan Southwest, Inc. TX$11.0M · 0.07%
Alixarx, LLC TX$10.9M · 0.14%
2020 Companies, Inc. TX$10.9M · 0.89%
McRee Ford, Inc. TX$10.7M · 0.57%
Don Davis Auto Group, Inc. TX$10.6M · 0.60%
Russell & Smith Ford, Inc. TX$10.1M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760456267 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.