Plan Ledger DOL Form 5500 · updated monthly

Chalmers Ford, Inc.401(k)

DON CHALMERS FORD 401(K) RETIREMENT SAVINGS PLAN · RIO RANCHO, NM · plan year 2024

Reported admin expense ratio · 2024
0.91%

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

Chalmers Ford, Inc. reported $68,505 in plan administrative expenses for 2024: 0.91% 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 0.91%. 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 New Mexico (156th of 290), and 3,076th of 5,215 in retail trade. active participation has grown from 181 to 212 since 2022.

Plan summary
Net assets, end of year$7,867,658
Participants with balances201
Active participants212
Employer contributions$0
Employee contributions$1,074,499
Employer contribution per active participant$0
Average account balance$39,143
Benefits paid to participants$1,041,540
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 201 accts
2023$7.1M · 233 accts
2022$6.5M · 198 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,442
Investment management$3,557
Total administrative$68,505
The Chalmers Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Chalmers Ford, Inc.'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.

Administrative cost history3
2024$68,505 · 0.91%
2023$62,203 · 0.91%
2022$61,754 · 0.90%
Same employer
Similar plansRetail Trade · New Mexico
The Krumland Company, LLC NM$11.3M · 0.59%
Sisbarro Autoworld, Inc. NM$6.1M · 0.71%
Afc Acquisition Corp NM$5.7M · 0.07%
Ziems Ford Corners, Inc. NM$4.3M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 850428532 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.