Plan Ledger DOL Form 5500 · updated monthly

Bg of Danbury LLC dba Ingersoll Auto of Danbury401(k)

INGERSOLL AUTO OF DANBURY 401(K) PLAN · DANBURY, CT · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Bg of Danbury LLC dba Ingersoll Auto of Danbury reported $73,164 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 0.54% to 0.51%. 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 Connecticut (625th of 1,106), and the 1,866th of 5,215 in retail trade. active participation has grown from 133 to 157 since 2022.

Plan summary
Net assets, end of year$15,437,299
Participants with balances179
Active participants157
Employer contributions$0
Employee contributions$1,296,307
Employer contribution per active participant$0
Average account balance$86,242
Benefits paid to participants$489,582
Plan auditUnmodified (clean) audit opinion
AuditorKVLSM LLP
Plan history3
Yearassets · accounts · employer contribution
2024$15.4M · 179 accts
2023$13.1M · 173 accts
2022$11.0M · 169 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,164
Total administrative$73,164
The Bg of Danbury LLC dba Ingersoll Auto of Danbury 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Bg of Danbury LLC dba Ingersoll Auto of Danbury'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
LINCOLN NATIONAL CORPORATION · Contract administrator · Loan processing$70,164
COMMONWEALTH FINANCIAL GROUP · Investment management$35,735
T R PAUL INC. · Contract administrator$16,514

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$73,164 · 0.51%
2023$59,817 · 0.50%
2022$63,242 · 0.54%
Similar plansRetail Trade · Connecticut
Gengras Motor Cars, Inc. CT$17.9M · 0.41%
Orlor, Inc CT$17.4M · 0.18%
Harte Nissan, Inc. CT$16.3M · 0.53%
Designs for Health, Inc. CT$15.7M · 0.64%
Mitchell Auto Group, Inc. CT$15.3M · 0.48%
Hocon Gas, Inc. CT$15.0M · 0.30%
Dooney and Bourke, Inc. CT$14.6M · 0.62%
Columbia Ford, Inc. CT$14.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271291806 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.