Plan Ledger DOL Form 5500 · updated monthly

Beyer Automotive Management, LLC401(k)

BEYER AUTOMOTIVE 401(K) PLAN · FALLS CHURCH, VA · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Beyer Automotive Management, LLC reported $97,270 in plan administrative expenses for 2024: 0.46% of average plan assets, above the peer median. Employer contributions averaged $1,195 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.

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 917th-largest of 2,266 plans among Virginia employers on file, and the 1,330th of 5,215 in retail trade. In 2024, employees put in $6.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,524,343
Participants with balances362
Active participants309
Employer contributions$369,279
Employee contributions$2,367,117
Employer contribution per active participant$1,195
Average account balance$62,222
Benefits paid to participants$2,950,390
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER, LLC
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$55,909
Investment management$41,361
Total administrative$97,270
The Beyer Automotive Management, LLC 401(k) match · 2024
Employer contribution per active participant$1,195
Median for plans this size$2,416

Beyer Automotive Management, LLC'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$55,909
FAMILY OFFICE RESEARCH · Investment advisory (plan)$41,361
MORNINGSTAR INVESTMENT MANAGEMENT L · 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 history1
2024$97,270 · 0.46%
Same employer
Similar plansRetail Trade · Virginia
Meadows Farms, Inc. VA$28.1M · 0.10%
Sofie Network Inc. VA$25.0M · 0.40%
Grand Home Furnishings VA$24.3M · 0.21%
Casey Auto Group, Inc. VA$23.6M · 0.36%
Brown Automotive Group LTD VA$22.2M · 0.54%
Merrifield Garden Center VA$21.6M · 0.27%
Pohanka of Salisbury, Inc. VA$20.7M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 993879430 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.