Plan Ledger DOL Form 5500 · updated monthly

Bill Penney Motor Company, Inc.401(k)

BILL PENNEY HUNTSVILLE 401(K) PLAN · HUNTSVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.73%

Bill Penney Motor Company, Inc. reported $24,398 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. 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 0.27% to 0.73%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Alabama (700th of 902), and 4,152nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$3,683,001
Participants with balances153
Active participants229
Employer contributions—
Employee contributions$533,008
Employer contribution per active participant—
Average account balance$24,072
Benefits paid to participants$322,862
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.7M · 153 accts
2023$3.0M · 150 accts
2022$2.3M · 144 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,398
Total administrative$24,398
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 · 20245
NATIONAL AUTOMOBILE DEALERS ASSN$3,802
STONES RIVER CONSULTING INC · Contract administrator$2,625
CAPFINACIAL PARTNERS LLC$634
MORGAN STANLEY SMITH BARNEY LLCindirect comp

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$24,398 · 0.73%
2023$18,905 · 0.71%
2022$4,639 · 0.27%
Same employer
Similar plansRetail Trade · Alabama
Carlisle Medical, Inc. AL$3.9M · 0.70%
Ats Operating, LLC AL$3.8M · 1.55%
Town & Country Ford AL$3.7M · 0.04%
Ocs, Incorporated AL$3.6M · 0.12%
Bankston Motor Homes Inc AL$2.8M · 0.41%
S E & a Automotive, LLC AL$2.8M · 0.16%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630626817 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.