Plan Ledger DOL Form 5500 · updated monthly

Cars Recon, Inc.401(k)

CARS RECON, INC. 401(K) PLAN · FRANKLIN, TN · plan year 2022

Reported admin expense ratio · 2022
0.32%

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

Cars Recon, Inc. reported $5,527 in plan administrative expenses for 2022: 0.32% of average plan assets, below the peer median. Employer contributions averaged $207 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 rose from 0.32% to 2.15%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Tennessee (1,367th of 1,496), and 2,982nd of 3,341 in other services. In 2022, employees put in $3.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,416,086
Participants with balances144
Active participants85
Employer contributions$17,610
Employee contributions$67,834
Employer contribution per active participant$207
Average account balance$9,834
Benefits paid to participants$424,300
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$852K · 82 accts · $5K emplr
2023$1.2M · 135 accts · $13K emplr
2022$1.4M · 144 accts · $18K emplr
The Cars Recon, Inc. 401(k) match · 2022
Employer contribution per active participant$207
Median for plans this size$1,114
2024$322 per active participant
2023$403 per active participant
2022$207 per active participant

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

Administrative cost history3
2024$22,422 · 2.15%
2023$4,828 · 0.36%
2022$5,527 · 0.32%
Similar plansOther Services · Tennessee
Park Center TN$2.3M · 0.04%
Advanced Collision, Inc. TN$753K · 1.78%
Servall Termite Company TN$703K · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 743195220 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.