Plan Ledger DOL Form 5500 · updated monthly

Beaver Motors, Inc. dba Beaver Toyota St. Augustine401(k)

BEAVER TOYOTA 401(K) PLAN · ST. AUGUSTINE, FL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Beaver Motors, Inc. dba Beaver Toyota St. Augustine reported $27,667 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $767 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 fell from 0.28% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,603rd-largest of 3,644 plans among Florida employers on file, and 2,694th of 4,246 in wholesale trade. In 2024, employees put in $6.54 for every $1.00 the employer contributed; active participation has grown from 367 to 413 since 2022.

Plan summary
Net assets, end of year$11,866,557
Participants with balances406
Active participants413
Employer contributions$316,787
Employee contributions$2,071,090
Employer contribution per active participant$767
Average account balance$29,228
Benefits paid to participants$1,147,428
Plan auditUnmodified (clean) audit opinion
AuditorHOWARD & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 406 accts · $317K emplr
2023$9.4M · 379 accts · $301K emplr
2022$6.8M · 331 accts · $288K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,525
Investment management$4,142
Total administrative$27,667
The Beaver Motors, Inc. dba Beaver Toyota St. Augustine 401(k) match · 2024
Employer contribution per active participant$767
Median for plans this size$2,416
2024$767 per active participant
2023$783 per active participant
2022$786 per active participant

Beaver Motors, Inc. dba Beaver Toyota St. Augustine's 2024 employer contribution ran below the $2,416 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 · 20245
VOYA RETIREMENT INS. & ANNUITY CO · Investment advisory (participants)$3,703
MML INVESTORS SERVICES INCindirect comp
USI SECURITIESindirect comp
RETIREMENT SOLUTIONS SPECIALISTS · Loan processing · Other servicesindirect comp
MORNINGSTAR INV MANAGEMENT · Investment advisory (plan) · Investment advisory (participants)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$27,667 · 0.26%
2023$16,396 · 0.20%
2022$18,370 · 0.28%
Same employer
Similar plansWholesale Trade · Florida
Sun Commodities, Inc. FL$12.5M · 0.34%
Pax Technology Inc FL$12.3M · 0.18%
Tropic Supply, Inc. FL$12.2M · 0.71%
Xec, LLC FL$11.5M · 0.30%
First Nation Group LLC FL$11.4M · 0.02%
Aamp of Florida, Inc FL$11.3M · 0.60%
Wish Farms, Inc. FL$11.1M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 611704931 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.