Plan Ledger DOL Form 5500 · updated monthly

Bill Jarrett Ford Inc.401(k)

JARRETT ENTERPRISES 401 (K) PROFIT SHARING PLAN · AVON PARK, FL · plan year 2024

Reported admin expense ratio · 2024
0.13%

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

Bill Jarrett Ford Inc. reported $21,549 in plan administrative expenses for 2024: 0.13% of average plan assets, below the peer median. Employer contributions averaged $1,047 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 0.56% to 0.13%. 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 1,226th-largest of 3,644 plans among Florida employers on file, and the 1,659th of 5,215 in retail trade. In 2024, employees put in $3.71 for every $1.00 the employer contributed; active participation has grown from 340 to 418 since 2022.

Plan summary
Net assets, end of year$17,618,923
Participants with balances312
Active participants418
Employer contributions$437,622
Employee contributions$1,625,664
Employer contribution per active participant$1,047
Average account balance$56,471
Benefits paid to participants$2,615,946
Plan auditUnmodified (clean) audit opinion
AuditorSPOOR BUNCH FRANZ
Plan history3
Yearassets · accounts · employer contribution
2024$17.6M · 312 accts · $438K emplr
2023$15.2M · 336 accts · $440K emplr
2022$12.5M · 289 accts · $405K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,292
Investment management$13,257
Total administrative$21,549
The Bill Jarrett Ford Inc. 401(k) match · 2024
Employer contribution per active participant$1,047
Median for plans this size$2,416
2024$1,047 per active participant
2023$839 per active participant
2022$1,192 per active participant

Bill Jarrett Ford 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 · 20243
RAYMOND JAMES · Investment advisory (plan)$33,398
THE AIMPOINT GROUP LLC · Contract administrator$21,986

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$21,549 · 0.13%
2023$28,300 · 0.20%
2022$66,700 · 0.56%
Similar plansRetail Trade · Florida
Myers Auto Group, LLC FL$17.9M · 0.59%
Lynch Management Company FL$17.7M · 0.06%
Acorn Stairlifts, Inc FL$17.5M · 0.57%
Curant Inc FL$17.1M · 0.04%
Tom Nehl Truck Company FL$16.9M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591637589 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.