Plan Ledger DOL Form 5500 · updated monthly

Bob Brown Chevrolet, Inc.401(k)

BOB BROWN CHEVROLET, INC. PROFIT SHARING PLAN · URBANDALE, IA · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Bob Brown Chevrolet, Inc. reported $64,202 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,359 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 0.41%. 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 Iowa (458th of 878), and the 1,753rd of 5,215 in retail trade. In 2024, employees put in $3.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,603,632
Participants with balances242
Active participants262
Employer contributions$356,000
Employee contributions$1,296,506
Employer contribution per active participant$1,359
Average account balance$68,610
Benefits paid to participants$1,529,278
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 242 accts · $356K emplr
2023$14.4M · 236 accts · $358K emplr
2022$12.9M · 260 accts · $381K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,202
Total administrative$64,202
The Bob Brown Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$1,359
Median for plans this size$2,416
2024$1,359 per active participant
2023$1,219 per active participant
2022$1,513 per active participant

Bob Brown Chevrolet, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
THE FINWAY GROUP · Contract administrator$22,006
LEAFHOUSE FINANCIAL ADVISORS, LLC$5,444
MORGAN STANLEY SMITH BARNEYindirect 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$64,202 · 0.41%
2023$71,825 · 0.53%
2022$81,867 · 0.56%
Same employer
Similar plansRetail Trade · Iowa
Theisen Supply, Inc. IA$17.9M · 0.33%
Homemakers Plaza, Inc. IA$16.8M · 0.36%
West Music Co., Inc. IA$16.7M · 0.45%
Beisser's, Inc. IA$16.5M · 0.55%
Dan Deery Motor Co. IA$15.9M · 0.30%
Pritchard Auto Company IA$11.6M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 420846759 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.