Plan Ledger DOL Form 5500 · updated monthly

Davidson Chevrolet, Inc.401(k)

DAVIDSON GROUP, INC. 401(K) PLAN · ROME, NY · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Davidson Chevrolet, Inc. reported $52,916 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $697 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 fell from 0.41% to 0.34%. 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 2,763rd-largest of 5,648 plans among New York employers on file, and the 1,718th of 5,215 in retail trade. In 2024, employees put in $3.69 for every $1.00 the employer contributed; active participation has grown from 270 to 321 since 2022.

Plan summary
Net assets, end of year$16,984,206
Participants with balances267
Active participants321
Employer contributions$223,716
Employee contributions$824,528
Employer contribution per active participant$697
Average account balance$63,611
Benefits paid to participants$762,021
Plan auditUnmodified (clean) audit opinion
AuditorD'ARCANGELO & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$17.0M · 267 accts · $224K emplr
2023$14.4M · 295 accts · $230K emplr
2022$12.2M · 281 accts · $217K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,922
Trustee / custodial$46,994
Total administrative$52,916
The Davidson Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$697
Median for plans this size$2,416
2024$697 per active participant
2023$800 per active participant
2022$805 per active participant

Davidson Chevrolet, 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 · 20244
EPIC RETIREMENT PLAN SERVICES · Recordkeeping · Loan processingindirect comp
NBT BANCORP NA · Trustee$52,916
CHARLES SCHWAB TRUST BANK · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024EPIC RPS
2023EPIC RPS

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$52,916 · 0.34%
2023$45,828 · 0.34%
2022$56,651 · 0.41%
Same employer
Similar plansRetail Trade · New York
Lavitt Group, Inc. NY$17.5M · 0.68%
Maguire Automotive, LLC NY$17.1M · 0.33%
Joe Basil Chevrolet NY$16.9M · 0.41%
Vroom Inc. NY$16.3M · 0.74%
Ro-Zap Enterprises, Inc. NY$16.3M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161230125 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.