Plan Ledger DOL Form 5500 · updated monthly

Blue Springs Ford Sales, Inc.401(k)

BLUE SPRINGS FORD SALES, INC. 401(K) PROFIT SHARING PLAN AND TRUST · LEES SUMMIT, MO · plan year 2023

Reported admin expense ratio · 2023
0.50%

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

Blue Springs Ford Sales, Inc. reported $45,607 in plan administrative expenses for 2023: 0.50% of average plan assets, above the peer median. Employer contributions averaged $764 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 1 year on file its reported administrative ratio rose from 0.35% to 0.50%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Missouri (875th of 1,393), and 2,771st of 5,215 in retail trade. In 2023, employees put in $4.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,364,349
Participants with balances145
Active participants229
Employer contributions$175,018
Employee contributions$836,590
Employer contribution per active participant$764
Average account balance$64,582
Benefits paid to participants$1,699,122
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $133K emplr
2023$9.4M · 145 accts · $175K emplr
2022$8.7M · 149 accts · $163K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$45,607
Total administrative$45,607
The Blue Springs Ford Sales, Inc. 401(k) match · 2023
Employer contribution per active participant$764
Median for plans this size$1,308
2023$764 per active participant
2022$776 per active participant

Blue Springs Ford Sales, Inc.'s 2023 employer contribution ran below the $1,308 median for plans its size. 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 · 20231
FINANCIAL ADVISORY SERVICE, INC. · Recordkeeping · Investment management$33,714

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

Recordkeeper by year2
2024FINANCIAL ADVISORY SERVICE, INC.
2023FINANCIAL ADVISORY SERVICE, INC.

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Administrative cost history3
2024Not separately reported
2023$45,607 · 0.50%
2022$33,714 · 0.35%
Same employer
Similar plansRetail Trade · Missouri
Ancap Management, Inc. MO$10.2M · 0.08%
Sarann Auto Leasing, Inc. MO$9.7M · 0.49%
Mosby Building Arts, LTD. MO$8.9M · 0.59%
Sapaugh Motors, Inc. MO$8.4M · 0.67%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431145260 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.