Plan Ledger DOL Form 5500 · updated monthly

Cornerstone Auto Group, LLC401(k)

CORNERSTONE AUTO GROUP, LLC 401(K) PLAN · ELK RIVER, MN · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Cornerstone Auto Group, LLC reported $67,897 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $1,009 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 0.37% to 0.45%. 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 among the smaller plans on file in Minnesota (1,013th of 1,918), and the 1,757th of 5,215 in retail trade. In 2024, employees put in $3.72 for every $1.00 the employer contributed; active participation has grown from 196 to 307 since 2022.

Plan summary
Net assets, end of year$16,531,444
Participants with balances337
Active participants307
Employer contributions$309,758
Employee contributions$1,152,398
Employer contribution per active participant$1,009
Average account balance$49,055
Benefits paid to participants$1,246,924
Plan auditUnmodified (clean) audit opinion
AuditorBOYUM AND BARENSCHEER
Plan history3
Yearassets · accounts · employer contribution
2024$16.5M · 337 accts · $310K emplr
2023$13.4M · 247 accts · $254K emplr
2022$11.1M · 243 accts · $251K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,849
Investment management$24,396
Trustee / custodial$24,652
Total administrative$67,897
The Cornerstone Auto Group, LLC 401(k) match · 2024
Employer contribution per active participant$1,009
Median for plans this size$2,416
2024$1,009 per active participant
2023$1,208 per active participant
2022$1,280 per active participant

Cornerstone Auto Group, 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 · 20242
ALERUS FINANCIAL, N.A. · Recordkeeping · Custodial (securities)$43,500
INTELLICENTS INC. · Investment advisory (participants) · Investment advisory (plan)$24,397

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

Recordkeeper by year2
2024Alerus
2023Alerus

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

Administrative cost history3
2024$67,897 · 0.45%
2023$46,899 · 0.38%
2022$42,961 · 0.37%
Similar plansRetail Trade · Minnesota
Trafera, LLC MN$17.4M · 0.65%
Jim Lupient Company MN$17.3M · 0.36%
Shaw/Stewart Lumber Company MN$17.3M · 0.06%
Evereve Incorporated MN$17.1M · 0.41%
Simonson Properties Company MN$16.4M · 0.49%
Trafera, LLC MN$16.2M · 0.63%
Royal Tire, Inc. MN$16.1M · 0.01%
Devenish Nutrition MN$15.9M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410985668 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.