Plan Ledger DOL Form 5500 · updated monthly

Crossroads Ford, Inc.401(k)

CROSSROADS FORD, INC. 401(K) PLAN · WAKE FOREST, NC · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Crossroads Ford, Inc. reported $32,334 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $293 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 0.07% to 0.08%. 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 439th-largest of 2,005 plans among North Carolina employers on file, and the 771st of 5,215 in retail trade. In 2024, employees put in $6.32 for every $1.00 the employer contributed; active participation has grown from 952 to 1,669 since 2022.

Plan summary
Net assets, end of year$40,914,506
Participants with balances498
Active participants1,669
Employer contributions$488,380
Employee contributions$3,085,200
Employer contribution per active participant$293
Average account balance$82,158
Benefits paid to participants$3,879,896
Plan auditUnmodified (clean) audit opinion
AuditorMELISSA G. CRITCHER, CPA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$40.9M · 498 accts · $488K emplr
2023$35.5M · 468 accts · $518K emplr
2022$28.8M · 460 accts · $520K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,600
Investment management$26,734
Total administrative$32,334
The Crossroads Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$293
Median for plans this size$2,416
2024$293 per active participant
2023$427 per active participant
2022$546 per active participant

Crossroads Ford, Inc.'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
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$26,734
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$5,600

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$32,334 · 0.08%
2023$29,553 · 0.09%
2022$23,006 · 0.07%
Same employer
Similar plansRetail Trade · North Carolina
Echopark Automotive, Inc. NC$41.4M · 0.34%
Phe, Inc. NC$39.4M · 0.19%
Quality Equipment, LLC NC$39.4M · 0.34%
Flow Companies, LLC NC$39.1M · 0.24%
Alfred Williams & Company NC$39.1M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561657419 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.