Plan Ledger DOL Form 5500 · updated monthly

Classic Collision, LLC401(k)

CLASSIC COLLISION, LLC 401(K) PLAN · ATLANTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Classic Collision, LLC reported $235,131 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $519 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 0.19% to 0.94%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 670th-largest of 2,160 plans among Georgia employers on file, and the 730th of 3,341 in other services. In 2024, employees put in $2.82 for every $1.00 the employer contributed; active participation has grown from 3,234 to 3,869 since 2022.

Plan summary
Net assets, end of year$29,650,072
Participants with balances1,479
Active participants3,869
Employer contributions$2,009,434
Employee contributions$5,665,303
Employer contribution per active participant$519
Average account balance$20,047
Benefits paid to participants$3,142,817
Plan auditUnmodified (clean) audit opinion
AuditorMOORE COLSON & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$29.7M · 1,479 accts · $2.0M emplr
2023$20.5M · 1,299 accts · $724K emplr
2022$12.9M · 1,028 accts · $254K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$235,131
Total administrative$235,131
The Classic Collision, LLC 401(k) match · 2024
Employer contribution per active participant$519
Median for plans this size$2,416
2024$519 per active participant
2023$205 per active participant
2022$79 per active participant

Classic Collision, LLC'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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$132,307
NORTHWESTERN MUTUAL WEALTH MGMNT CO · Investment advisory (plan)$121,074

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$235,131 · 0.94%
2023$117,422 · 0.70%
2022$15,601 · 0.19%
Same employer
Similar plansOther Services · Georgia
In Touch Ministries GA$34.9M · 0.01%
Van Michael Salon, Inc. GA$28.0M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823412546 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.