Plan Ledger DOL Form 5500 · updated monthly

Covert Buick, Inc.401(k)

COVERT AUTO GROUP 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.56%

Covert Buick, Inc. reported $201,885 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. 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 0.14% to 0.56%. 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 1,265th-largest of 5,688 plans among Texas employers on file, and the 815th of 5,215 in retail trade. active participation has grown from 964 to 1,114 since 2022.

Plan summary
Net assets, end of year$38,977,854
Participants with balances1,166
Active participants1,114
Employer contributions—
Employee contributions$5,532,001
Employer contribution per active participant—
Average account balance$33,429
Benefits paid to participants$4,035,398
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$39.0M · 1,166 accts
2023$33.1M · 1,126 accts
2022$26.3M · 994 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$201,885
Total administrative$201,885
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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$201,884
WELLS FARGO ADVISORS INS AGENCY LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$201,885 · 0.56%
2023$101,504 · 0.34%
2022$37,302 · 0.14%
Same employer
Similar plansRetail Trade · Texas
Tony Gullo Motors, I, LP TX$41.5M · 0.64%
Continental Cars, Inc. TX$39.6M · 0.30%
Script Care, LTD. TX$39.5M · 0.21%
Advocare International LLC TX$38.8M · 0.03%
Bij Motors Tx, LLC TX$34.7M · 0.11%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 741982741 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.