Plan Ledger DOL Form 5500 · updated monthly

Community Motor Co., Inc.401(k)

COMMUNITY MOTOR CO., INC. SAVINGS PLAN · CEDAR FALLS, IA · plan year 2023

Reported admin expense ratio · 2023
0.09%

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

Community Motor Co., Inc. reported $4,575 in plan administrative expenses for 2023: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $950 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 0.09% to 0.12%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Iowa (676th of 878), and 3,519th of 5,215 in retail trade. In 2023, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,914,066
Participants with balances112
Active participants123
Employer contributions$116,809
Employee contributions$396,230
Employer contribution per active participant$950
Average account balance$52,804
Benefits paid to participants$321,997
Plan auditUnmodified (clean) audit opinion
AuditorHACKER, NELSON & CO. P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 103 accts · $103K emplr
2023$5.9M · 112 accts · $117K emplr
2022$4.8M · 140 accts · $104K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$2,256
Investment management$2,319
Total administrative$4,575
The Community Motor Co., Inc. 401(k) match · 2023
Employer contribution per active participant$950
Median for plans this size$1,308
2024$884 per active participant
2023$950 per active participant
2022$820 per active participant

Community Motor Co., Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
SENTRY LIFE INSURANCE COMPANY · Loan processing$2,257

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$6,295 · 0.12%
2023$4,575 · 0.09%
2022$5,154 · 0.09%
Same employer
Similar plansRetail Trade · Iowa
Ed Stivers Ford, Inc. IA$6.0M · 0.42%
Vaughn Chevrolet, Inc. IA$4.5M · 0.01%
Hummel Brothers, Inc. IA$4.2M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421017416 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.