Plan Ledger DOL Form 5500 · updated monthly

Boggus Motor Company II, LLC401(k)

BOGGUS MOTOR COMPANY INC. EMPLOYEES 401K PS & TRUST · MCALLEN, TX · plan year 2023

Reported admin expense ratio · 2023
0.99%

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

Boggus Motor Company II, LLC reported $87,796 in plan administrative expenses for 2023: 0.99% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,308 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 3 years on file its reported administrative ratio has held roughly steady near 0.85%. 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 Texas (3,236th of 5,688), and 2,861st of 5,215 in retail trade. In 2023, employees put in $7.12 for every $1.00 the employer contributed; active participation has shrunk from 157 to 34 since 2022.

Plan summary
Net assets, end of year$8,893,875
Participants with balances140
Active participants34
Employer contributions$112,462
Employee contributions$800,548
Employer contribution per active participant$3,308
Average account balance$63,528
Benefits paid to participants$2,394,088
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.8M · 124 accts · $23K emplr
2023$8.9M · 140 accts · $112K emplr
2022$8.8M · 207 accts · $137K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$48,573
Investment management$37,401
Trustee / custodial$1,822
Total administrative$87,796
The Boggus Motor Company II, LLC 401(k) match · 2023
Employer contribution per active participant$3,308
Median for plans this size$1,308
2024$553 per active participant
2023$3,308 per active participant
2022$870 per active participant

Boggus Motor Company II, LLC's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$31,513
TEXAS REGIONAL BANK · Investment advisory (plan) · Investment management$36,717

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

Recordkeeper by year2
2024Ameritas
2023Ameritas

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

Administrative cost history3
2024$62,386 · 0.85%
2023$87,796 · 0.99%
2022$77,440 · 0.83%
Same employer
Similar plansRetail Trade · Texas
McCraw Oil/Kwik Chek TX$9.1M · 0.59%
Retail Concepts, Inc. TX$8.8M · 0.59%
Quality Mat Company TX$8.4M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 275382737 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.