Plan Ledger DOL Form 5500 · updated monthly

Cherokee Ford, Inc.401(k)

CHEROKEE FORD, INC. 401(K) RETIREMENT PLAN · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.76%

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

Cherokee Ford, Inc. reported $205,266 in plan administrative expenses for 2024: 0.76% of average plan assets, higher than ~90% of peers. Employer contributions averaged $494 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 0.70% to 0.76%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 671st-largest of 2,160 plans among Georgia employers on file, and the 1,047th of 5,215 in retail trade. In 2024, employees put in $5.15 for every $1.00 the employer contributed; active participation has grown from 726 to 1,569 since 2022.

Plan summary
Net assets, end of year$29,639,686
Participants with balances1,078
Active participants1,569
Employer contributions$774,501
Employee contributions$3,987,150
Employer contribution per active participant$494
Average account balance$27,495
Benefits paid to participants$3,297,329
Plan auditUnmodified (clean) audit opinion
AuditorJACOBY AND HANDLEY PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.6M · 1,078 accts · $775K emplr
2023$24.2M · 789 accts · $560K emplr
2022$17.9M · 700 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$89,634
Investment management$88,132
Total administrative$205,266
The Cherokee Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$494
Median for plans this size$2,416
2024$494 per active participant
2023$637 per active participant

Cherokee Ford, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$121,360
LOCUST LANE WEALTH MANGEMENT LLC · Investment advisory (plan)$83,907

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$205,266 · 0.76%
2023$145,253 · 0.69%
2022$140,808 · 0.70%
Similar plansRetail Trade · Georgia
Erbe USA, Incorporated GA$33.1M · 0.06%
Pope Automotive Group GA$27.4M · 1.48%
Crowes Management Company GA$25.7M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 581964898 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.