Plan Ledger DOL Form 5500 · updated monthly

Blue Grass Automotive, Inc.401(k)

BLUE GRASS AUTOMOTIVE, INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

Blue Grass Automotive, Inc. reported $59,848 in plan administrative expenses for 2024: 0.59% of average plan assets, higher than ~75% of peers. Employer contributions averaged $806 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 0.52% to 0.59%. 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 Kentucky (446th of 871), and the 2,484th of 5,215 in retail trade. In 2024, employees put in $5.80 for every $1.00 the employer contributed; active participation has grown from 128 to 155 since 2022.

Plan summary
Net assets, end of year$10,807,284
Participants with balances306
Active participants155
Employer contributions$125,000
Employee contributions$724,800
Employer contribution per active participant$806
Average account balance$35,318
Benefits paid to participants$1,230,613
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 306 accts · $125K emplr
2023$9.6M · 300 accts · $125K emplr
2022$7.7M · 267 accts · $126K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,312
Investment management$16,536
Total administrative$59,848
The Blue Grass Automotive, Inc. 401(k) match · 2024
Employer contribution per active participant$806
Median for plans this size$2,416
2024$806 per active participant
2023$893 per active participant
2022$984 per active participant

Blue Grass Automotive, 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 · 20242
JOHN HANCOCK LIFE INSURANCE CO · Recordkeeping · Investment management$2,314
MERRILL LYNCH · Investment advisory (participants)$16,536

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,848 · 0.59%
2023$49,027 · 0.57%
2022$42,680 · 0.52%
Same employer
Similar plansRetail Trade · Kentucky
Dan Cummins, Inc. KY$14.3M · 0.68%
Ikeyless, LLC KY$13.6M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 610648690 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.