Plan Ledger DOL Form 5500 · updated monthly

Bill Brown Ford, Inc.401(k)

BILL BROWN FORD, INC. 401 (K) PLAN · LIVONIA, MI · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Bill Brown Ford, Inc. reported $58,368 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $278 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 0.26% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,142nd-largest of 2,619 plans among Michigan employers on file, and the 1,683rd of 5,215 in retail trade. In 2023, employees put in $21.91 for every $1.00 the employer contributed; active participation has grown from 243 to 276 since 2022.

Plan summary
Net assets, end of year$17,293,920
Participants with balances304
Active participants276
Employer contributions$76,721
Employee contributions$1,680,692
Employer contribution per active participant$278
Average account balance$56,888
Benefits paid to participants$3,038,367
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$4.7M · 200 accts · $87K emplr
2023$17.3M · 304 accts · $77K emplr
2022$16.5M · 268 accts · $83K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$1,350
Investment management$56,568
Total administrative$58,368
The Bill Brown Ford, Inc. 401(k) match · 2023
Employer contribution per active participant$278
Median for plans this size$2,440
2024$86,632 per active participant
2023$278 per active participant
2022$341 per active participant

Bill Brown Ford, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MORGAN STANLEY GLOBAL BANKING OP$42,430
VOYA RETIREMENT INSURANCE AND ANNUI · Investment advisory (participants)$13,691
VOYA RETIREMENT INSURANCE & ANNUITY · Investment advisory (participants)$2,248

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025Not separately reported
2024$48,109 · 0.44%
2023$58,368 · 0.35%
2022$45,553 · 0.26%
Same employer
Similar plansRetail Trade · Michigan
Crown Motors LTD. MI$18.8M · 0.43%
Village Ford, Inc. MI$17.9M · 0.37%
Wallside, Inc. MI$17.2M · 0.45%
The Moran Group, Inc. MI$17.2M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382326648 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.