Plan Ledger DOL Form 5500 · updated monthly

Cumming Chevrolet401(k)

CUMMING CHEVROLET 401K PLAN · NATIONAL CITY, CA · plan year 2024

Reported admin expense ratio · 2024
1.10%

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

Cumming Chevrolet reported $50,902 in plan administrative expenses for 2024: 1.10% of average plan assets, higher than ~75% of peers. Employer contributions averaged $423 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 0.79% to 1.10%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (7,053rd of 9,483), and 3,654th of 4,246 in wholesale trade. In 2024, employees put in $10.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,845,426
Participants with balances155
Active participants86
Employer contributions$36,406
Employee contributions$364,048
Employer contribution per active participant$423
Average account balance$31,261
Benefits paid to participants$619,190
Plan auditUnmodified (clean) audit opinion
AuditorHNK, CPAS, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.8M · 155 accts · $36K emplr
2023$4.4M · 149 accts · $32K emplr
2022$3.7M · 151 accts · $29K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,111
Investment management$14,791
Total administrative$50,902
The Cumming Chevrolet 401(k) match · 2024
Employer contribution per active participant$423
Median for plans this size$1,313
2024$423 per active participant
2023$382 per active participant
2022$351 per active participant

Cumming Chevrolet'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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$13,747
EMPOWER ADVISORY GROUP, LLC · Investment management$1,043

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$50,902 · 1.10%
2023$42,838 · 1.06%
2022$30,637 · 0.79%
Similar plansWholesale Trade · California
Uma Enterprises Inc. CA$5.2M · 0.28%
Al Dahra Acx, Inc. CA$5.0M · 0.84%
Tapia Brothers CA$4.9M · 0.01%
So. Cal. Sandbags, Inc. CA$4.9M · 0.58%
Snyder-Diamond CA$4.8M · 0.09%
R. W. Zant Company CA$4.7M · 0.18%
Custom Produce Sales CA$4.7M · 1.25%
Innovation Specialties CA$4.7M · 1.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330032981 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.