Plan Ledger DOL Form 5500 · updated monthly

Carcorp, Inc.401(k)

CARCORP, INC. PROFIT SHARING PLAN AND TRUST · COLUMBUS, OH · plan year 2022

Reported admin expense ratio · 2022
1.07%

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

Carcorp, Inc. reported $38,185 in plan administrative expenses for 2022: 1.07% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,732 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 1 year on file its reported administrative ratio rose from 1.07% to 2.52%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,807th of 3,295), and 4,261st of 5,215 in retail trade. In 2022, employees put in $3.54 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,310,314
Participants with balances125
Active participants104
Employer contributions$180,115
Employee contributions$638,284
Employer contribution per active participant$1,732
Average account balance$26,483
Benefits paid to participants$1,174,857
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$67K · 3 accts · $106K emplr
2022$3.3M · 125 accts · $180K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$14,109
Investment management$24,076
Total administrative$38,185
The Carcorp, Inc. 401(k) match · 2022
Employer contribution per active participant$1,732
Median for plans this size$1,114
2023$106,342 per active participant
2022$1,732 per active participant

Carcorp, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$42,481 · 2.52%
2022$38,185 · 1.07%
Similar plansRetail Trade · Ohio
Mickey Mart, Inc. OH$3.5M · 0.94%
R&R Resale, LLC OH$3.2M · 0.93%
Evans Motorworks, Inc. OH$3.1M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311304392 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.