Plan Ledger DOL Form 5500 · updated monthly

Cannon Chevrolet Cadillac401(k)

CANNON CHEVROLET CADILLAC 401(K) PLAN · GREENWOOD, MS · plan year 2024

Reported admin expense ratio · 2024
1.08%

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

Cannon Chevrolet Cadillac reported $93,628 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~75% of peers. Employer contributions averaged $694 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 1.084%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is the 182nd-largest of 367 plans among Mississippi employers on file, and 2,755th of 5,215 in retail trade. In 2024, employees put in $1.80 for every $1.00 the employer contributed; active participation has grown from 505 to 675 since 2022.

Plan summary
Net assets, end of year$9,401,401
Participants with balances207
Active participants675
Employer contributions$468,333
Employee contributions$844,574
Employer contribution per active participant$694
Average account balance$45,417
Benefits paid to participants$828,858
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 207 accts · $468K emplr
2023$7.9M · 208 accts · $442K emplr
2022$4.9M · 160 accts · $203K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,140
Investment management$84,488
Total administrative$93,628
The Cannon Chevrolet Cadillac 401(k) match · 2024
Employer contribution per active participant$694
Median for plans this size$1,313
2024$694 per active participant
2023$696 per active participant
2022$401 per active participant

Cannon Chevrolet Cadillac's 2024 employer contribution ran below the $1,313 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
ARES RETIREMENT PLAN SERVICES · Contract administrator$9,140
EMPOWER ADVISORY GROUP, LLC · Investment management$8,085
MML INVESTORS SERVICES LLCindirect 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$93,628 · 1.08%
2023$61,873 · 0.97%
2022$58,606 · 1.08%
Similar plansRetail Trade · Mississippi
Agup Equipment Company MS$26.0M · 0.36%
Haas Outdoors, Inc. MS$20.7M · 0.59%
Roberts Company, Inc. MS$9.3M · 0.88%
Hg Ms Admin, LLC MS$6.3M · 0.67%
Victory Marketing, LLC MS$5.3M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640946947 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.