Plan Ledger DOL Form 5500 · updated monthly

Cox Chevrolet Incorporated401(k)

COX CHEVROLET 401(K) PLAN · BRADENTON, FL · plan year 2023

Reported admin expense ratio · 2023
0.08%

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

Cox Chevrolet Incorporated reported $5,847 in plan administrative expenses for 2023: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $632 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 0.05% 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 Florida (2,052nd of 3,644), and 3,101st of 5,215 in retail trade. In 2023, employees put in $6.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,776,128
Participants with balances212
Active participants161
Employer contributions$101,732
Employee contributions$681,447
Employer contribution per active participant$632
Average account balance$36,680
Benefits paid to participants$602,297
Plan auditUnmodified (clean) audit opinion
AuditorKERKERING BARBERIO & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$7.4M · 189 accts · $100K emplr
2023$7.8M · 212 accts · $102K emplr
2022$6.6M · 219 accts · $111K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,847
Total administrative$5,847
The Cox Chevrolet Incorporated 401(k) match · 2023
Employer contribution per active participant$632
Median for plans this size$1,308
2024$639 per active participant
2023$632 per active participant
2022$693 per active participant

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

Service providers · 20233
EMPOWER ANNUITY INSURANCE COMPANY · Recordkeeping · Insurance services$1,908
KB PENSION SERVICES · Contract administrator · Consulting$5,127
EMPOWER ADVISORY GROUP, LLC · Investment management$61

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

Recordkeeper by year2
2024Empower
2023Empower

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Administrative cost history3
2024$9,416 · 0.12%
2023$5,847 · 0.08%
2022$3,865 · 0.05%
Same employer
Similar plansRetail Trade · Florida
Bozard Ford Company FL$7.9M · 0.08%
Grace Wins, LLC FL$7.9M · 0.79%
Detwilers Operations Inc. FL$7.9M · 0.63%
L.P. Industries, Inc. FL$7.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590862389 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.