Plan Ledger DOL Form 5500 · updated monthly

Desoto Collision Center LLC401(k)

DESOTO COLLISION CENTER LLC 401(K) PROFIT SHARING PLAN & TRUST · SOUTHAVEN, MS · plan year 2024

Reported admin expense ratio · 2024
1.94%

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

Desoto Collision Center LLC reported $28,319 in plan administrative expenses for 2024: 1.94% of average plan assets, higher than ~90% of peers. Employer contributions averaged $544 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 fell from 2.16% to 1.94%. 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 Mississippi (330th of 367), and 4,792nd of 5,215 in retail trade. In 2024, employees put in $6.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$1,583,161
Participants with balances189
Active participants74
Employer contributions$40,227
Employee contributions$242,688
Employer contribution per active participant$544
Average account balance$8,377
Benefits paid to participants$213,986
Plan auditUnmodified (clean) audit opinion
Plan history4
Yearassets · accounts · employer contribution
2024$1.6M · 189 accts · $40K emplr
2023$1.3M · 179 accts · $44K emplr
2022$1.0M · 162 accts · $39K emplr
2021$1.0M · 136 accts · $35K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,445
Investment management$14,014
Trustee / custodial$860
Total administrative$28,319
The Desoto Collision Center LLC 401(k) match · 2024
Employer contribution per active participant$544
Median for plans this size$1,313
2024$544 per active participant
2023$550 per active participant
2022$458 per active participant
2021$473 per active participant

Desoto Collision Center LLC'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$14,904
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (participants)$14,014

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

Recordkeeper by year2
2024Paychex
2023Paychex

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Administrative cost history4
2024$28,319 · 1.94%
2023$24,091 · 2.03%
2022$20,686 · 2.03%
2021$18,750 · 2.16%
Similar plansRetail Trade · Mississippi
Kirk Auto Co. MS$2.4M · 0.57%
Paradise Foods, Inc. MS$1.8M · 0.00%
Sullivan's Inc. MS$431K · 1.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455252356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.