Plan Ledger DOL Form 5500 · updated monthly

Castle Chevrolet, Inc.401(k)

CASTLE AUTO GROUP 401(K) PLAN · VILLA PARK, IL · plan year 2024

Reported admin expense ratio · 2024
0.16%

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

Castle Chevrolet, Inc. reported $9,744 in plan administrative expenses for 2024: 0.16% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,223 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 0.04% to 0.16%. 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 among the smaller plans on file in Illinois (2,689th of 3,702), and 3,198th of 5,215 in retail trade. In 2024, employees put in $2.35 for every $1.00 the employer contributed; active participation has grown from 252 to 367 since 2022.

Plan summary
Net assets, end of year$7,324,962
Participants with balances199
Active participants367
Employer contributions$448,858
Employee contributions$1,053,601
Employer contribution per active participant$1,223
Average account balance$36,809
Benefits paid to participants$557,695
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 199 accts · $449K emplr
2023$5.2M · 175 accts · $414K emplr
2022$3.5M · 124 accts · $309K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$8,750
Audit (IQPA)$994
Total administrative$9,744
The Castle Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$1,223
Median for plans this size$1,313
2024$1,223 per active participant
2023$1,021 per active participant
2022$1,227 per active participant

Castle Chevrolet, Inc.'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 · 20246
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$30,477
BLUE CHIP RETIREMENT PLANS, INC. · Contract administrator$18,303
NA NA$3,645
CAPITAL GROUP RETIREMENT PLAN SERVI$732
EMPOWER ADVISORY GROUP, LLC · Investment management$9

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$9,744 · 0.16%
2023$2,810 · 0.06%
2022$1,340 · 0.04%
Similar plansRetail Trade · Illinois
Raise Marketplace, LLC IL$7.8M · 0.07%
Auffenberg Hyundai, Inc. IL$7.3M · 0.70%
Ashling Partners LLC IL$7.2M · 0.64%
Fairplay, Inc. IL$7.2M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364392164 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.