Plan Ledger DOL Form 5500 · updated monthly

Bestdrive, LLC401(k)

RETIREMENT SAVINGS PLAN FOR EMPLOYEES OF CONTINENTAL-BESTDRIVE, LLC · FORT MILL, SC · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Bestdrive, LLC reported $36,017 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $1,467 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 0.13% to 0.25%. 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 the 319th-largest of 807 plans among South Carolina employers on file, and the 1,809th of 5,215 in retail trade. In 2024, employees put in $2.68 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,999,087
Participants with balances391
Active participants328
Employer contributions$481,017
Employee contributions$1,290,863
Employer contribution per active participant$1,467
Average account balance$40,918
Benefits paid to participants$963,971
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.0M · 391 accts · $481K emplr
2023$13.0M · 376 accts · $474K emplr
2022$10.9M · 409 accts · $428K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,631
Investment management$2,386
Audit (IQPA)$14,000
Total administrative$36,017
The Bestdrive, LLC 401(k) match · 2024
Employer contribution per active participant$1,467
Median for plans this size$2,416
2024$1,467 per active participant
2023$1,425 per active participant
2022$1,262 per active participant

Bestdrive, LLC's 2024 employer contribution ran below the $2,416 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,631
GREERWALKER · Accounting / audit$14,000

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$36,017 · 0.25%
2023$21,590 · 0.18%
2022$15,644 · 0.13%
Similar plansRetail Trade · South Carolina
Dick Smith Automotive Group SC$28.5M · 0.10%
Jje Capital Holdings, LLC SC$23.3M · 0.44%
Applegreen Companies SC$20.3M · 0.81%
Basware Inc SC$15.9M · 0.50%
Venture Inc of Beaufort SC$15.1M · 0.48%
Spartanburg Dodge, Inc. SC$13.1M · 0.22%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 465177960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.