Plan Ledger DOL Form 5500 · updated monthly

Charles Barker Luxury Imports, Inc.401(k)

CHARLES BARKER LUXURY IMPORTS, INC. 401K PROFIT SHARING PLAN · VIRGINIA BEACH, VA · plan year 2025

Reported admin expense ratio · 2025
0.35%

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

Charles Barker Luxury Imports, Inc. reported $51,138 in plan administrative expenses for 2025: 0.35% of average plan assets, above the peer median. Employer contributions averaged $889 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 4 years on file its reported administrative ratio has held roughly steady near 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 1,620 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Virginia (1,190th of 2,266), and 2,382nd of 4,246 in wholesale trade. In 2025, employees put in $6.40 for every $1.00 the employer contributed; active participation has shrunk from 135 to 98 since 2022.

Plan summary
Net assets, end of year$14,875,756
Participants with balances174
Active participants98
Employer contributions$87,111
Employee contributions$557,374
Employer contribution per active participant$889
Average account balance$85,493
Benefits paid to participants$1,929,593
Plan auditUnmodified (clean) audit opinion
AuditorSHERMAN SPERO SAFARINO & CO., CPAS
Plan history4
Yearassets · accounts · employer contribution
2025$14.9M · 174 accts · $87K emplr
2024$14.0M · 218 accts · $114K emplr
2023$14.4M · 202 accts · $128K emplr
2022$13.4M · 242 accts · $163K emplr
Administrative expenses, itemized · 2025
Recordkeeping & contract admin$49,955
Investment management$183
Total administrative$51,138
The Charles Barker Luxury Imports, Inc. 401(k) match · 2025
Employer contribution per active participant$889
Median for plans this size$2,666
2025$889 per active participant
2024$1,048 per active participant
2023$1,005 per active participant
2022$1,204 per active participant

Charles Barker Luxury Imports, Inc.'s 2025 employer contribution ran below the $2,666 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 2025 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20251
UBS FINANCIAL SERVICES INCindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history4
2025$51,138 · 0.35%
2024$46,783 · 0.33%
2023$48,442 · 0.35%
2022$56,064 · 0.34%
Same employer
Similar plansWholesale Trade · Virginia
Guernsey, Inc. VA$17.5M · 0.31%
Tiger Fuel Company VA$16.9M · 0.03%
Salem Tools, Inc. VA$15.2M · 0.17%
Virginia Imports, LTD. VA$12.2M · 0.53%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540763954 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.