Plan Ledger DOL Form 5500 · updated monthly

Bob Maxey Lincoln, Inc.401(k)

BOB MAXEY LINCOLN MERCURY 401K PLAN & TRUST · DETROIT, MI · plan year 2024

Reported admin expense ratio · 2024
0.68%

Bob Maxey Lincoln, Inc. reported $74,211 in plan administrative expenses for 2024: 0.68% of average plan assets, higher than ~90% of peers. 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 0.38% to 0.68%. 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 Michigan (1,430th of 2,619), and the 2,332nd of 5,215 in retail trade. active participation has grown from 167 to 202 since 2022.

Plan summary
Net assets, end of year$11,613,578
Participants with balances160
Active participants202
Employer contributions—
Employee contributions$862,760
Employer contribution per active participant—
Average account balance$72,585
Benefits paid to participants$992,182
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.6M · 160 accts
2023$10.2M · 159 accts
2022$8.2M · 131 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,380
Investment management$27,831
Audit (IQPA)$20,000
Total administrative$74,211
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
JOHN HANCOCK · Recordkeeping · Loan processing$26,414
PLANTE & MORAN PLC · Accounting / audit$20,000
EDWARD D JONES & COMPANY · Investment advisory (plan)$18,908
KINGSVIEW WEALTH MANAGEMENT · Investment advisory (plan)$6,830

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

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Administrative cost history3
2024$74,211 · 0.68%
2023$55,584 · 0.60%
2022$35,882 · 0.38%
Similar plansRetail Trade · Michigan
P Cor, LLC MI$12.0M · 0.53%
Hines Park Lincoln, Inc. MI$12.0M · 0.12%
Raiseright, LLC MI$11.8M · 0.38%
Carls Golfland, Inc. MI$11.7M · 0.48%
Borgman Ford Sales, Inc. MI$11.5M · 0.47%
Family Farm and Home, Inc MI$11.4M · 0.60%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381807015 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.