Plan Ledger DOL Form 5500 · updated monthly

Bell Motor Cars, Inc.401(k)

BELL AUTOMOTIVE NETWORK 401K PLAN · NORTH EDISON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Bell Motor Cars, Inc. reported $43,171 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $711 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 1 year on file its reported administrative ratio fell from 0.77% to 0.33%. 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 among the smaller plans on file in New Jersey (1,298th of 2,419), and the 2,007th of 5,215 in retail trade. In 2024, employees put in $4.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,046,306
Participants with balances283
Active participants352
Employer contributions$250,309
Employee contributions$1,054,144
Employer contribution per active participant$711
Average account balance$49,634
Benefits paid to participants$750,953
Plan auditUnmodified (clean) audit opinion
AuditorMSPC, CERTIFIED PUBLIC ACCOUNTANTS
Plan history3
Yearassets · accounts · employer contribution
2024$14.0M · 283 accts · $250K emplr
2023$12.4M · 287 accts · $376K emplr
2022$9.9M · 281 accts · $345K emplr
Administrative expenses, itemized · 2024
Investment management$43,171
Total administrative$43,171
The Bell Motor Cars, Inc. 401(k) match · 2024
Employer contribution per active participant$711
Median for plans this size$2,416
2024$711 per active participant
2023$1,076 per active participant
2022$1,074 per active participant

Bell Motor Cars, Inc.'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 · 20244
NATIONWIDE · Recordkeeping · Other services$43,276
PROACCOUNT · Investment advisory (participants)$36,309
PREFERRED PENSION PLANNING · Plan administrator$7,739
AVANTAX WEALTH MANAGEMENT · Other services · Investment advisory (plan)indirect 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
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$43,171 · 0.33%
2023$85,511 · 0.77%
2022Not separately reported
Similar plansRetail Trade · New Jersey
Sunrise Shoprite, Inc. NJ$15.7M · 0.18%
Pierre Fabre USA NJ$15.2M · 0.42%
Ekornes Inc. NJ$14.5M · 0.04%
Blindsto Go US Inc. NJ$12.9M · 0.63%
Muller Automotive, Inc. NJ$12.6M · 0.44%
South Jersey Glass Co, Inc. NJ$12.6M · 0.56%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222124083 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.