Plan Ledger DOL Form 5500 · updated monthly

Model 1 Commercial Vehicles In401(k)

MODEL 1 COMMERCIAL VEHICLES IN 401(K) PROFIT SHARING PLAN & TRUST · INDIANAPOLIS, IN · plan year 2024

Reported admin expense ratio · 2024
0.96%

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

Model 1 Commercial Vehicles In reported $51,340 in plan administrative expenses for 2024: 0.96% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 3 years on file its reported administrative ratio has held roughly steady near 0.96%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Indiana (1,108th of 1,562), and 3,512th of 5,215 in retail trade.

Plan summary
Net assets, end of year$5,929,553
Participants with balances161
Active participants501
Employer contributions$0
Employee contributions$1,023,769
Employer contribution per active participant$0
Average account balance$36,830
Benefits paid to participants$365,883
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$5.9M · 161 accts
2022$3.3M · 92 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,912
Investment management$27,568
Trustee / custodial$860
Total administrative$51,340
The Model 1 Commercial Vehicles In 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Model 1 Commercial Vehicles In's 2024 employer contribution ran below the $1,313 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
PAYCHEX, INC. · Recordkeeping$23,646
GLOBAL RETIREMENT PARTNERS · Investment advisory (participants)$24,699

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

Administrative cost history2
2024$51,340 · 0.96%
2022$33,227 · 0.98%
Same employer
Similar plansRetail Trade · Indiana
The Ridge Company, Inc. IN$6.2M · 0.66%
Gillman, Inc. IN$6.2M · 0.58%
Shoe Sensation, Inc. IN$5.2M · 0.50%
Good Oil Co., Inc. IN$4.7M · 0.61%
Oak Motors Inc IN$4.6M · 0.85%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330388707 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.