Plan Ledger DOL Form 5500 · updated monthly

Burlington Automotive Group401(k)

BURLINGTON AUTOMOTIVE GROUP PROFIT SHARING PLAN · BURLINGTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Burlington Automotive Group reported $38,891 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $904 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 0.31% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New Jersey (1,267th of 2,419), and 6,667th of 11,654 in professional & technical services. In 2024, employees put in $5.19 for every $1.00 the employer contributed; active participation has grown from 275 to 334 since 2022.

Plan summary
Net assets, end of year$14,633,136
Participants with balances358
Active participants334
Employer contributions$301,904
Employee contributions$1,567,714
Employer contribution per active participant$904
Average account balance$40,875
Benefits paid to participants$1,461,194
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.6M · 358 accts · $302K emplr
2023$12.4M · 352 accts · $309K emplr
2022$8.9M · 303 accts · $288K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,891
Total administrative$38,891
The Burlington Automotive Group 401(k) match · 2024
Employer contribution per active participant$904
Median for plans this size$2,416
2024$904 per active participant
2023$1,015 per active participant
2022$1,048 per active participant

Burlington Automotive Group'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 · 20246
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,631
LEGACY RETIREMENT SOLUTIONS LLC · Contract administrator · Other services$11,225
LPL FINANCIAL LLC · Other servicesindirect comp
WITHUM · Accounting / auditindirect comp
CHARLES SCHWAB & CO, INC · Securities brokerageindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$38,891 · 0.29%
2023$54,180 · 0.51%
2022$28,989 · 0.31%
Similar plansProfessional & Technical Services · New Jersey
Effectual Inc. NJ$14.9M · 0.28%
Horizon Group USA, Inc. NJ$14.7M · 0.49%
Genesis Research LLC NJ$14.7M · 0.27%
Swk Technologies NJ$14.6M · 0.42%
Caregility Corporation NJ$14.5M · 0.02%
Exzac, Inc. NJ$14.5M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232985205 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.