Plan Ledger DOL Form 5500 · updated monthly

Donley Ford of Ashland, Inc.401(k)

DONLEY AUTO GROUP 401(K) PLAN · ASHLAND, OH · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Donley Ford of Ashland, Inc. reported $23,356 in plan administrative expenses for 2024: 0.32% of average plan assets, below the peer median. Employer contributions averaged $839 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 0.14% to 0.32%. 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 Ohio (2,232nd of 3,295), and 3,137th of 5,215 in retail trade. In 2024, employees put in $3.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,622,446
Participants with balances88
Active participants99
Employer contributions$83,110
Employee contributions$291,564
Employer contribution per active participant$839
Average account balance$86,619
Benefits paid to participants$559,387
Plan auditUnmodified (clean) audit opinion
AuditorPLANCHEC(K) CPA'S, LLC.
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 88 accts · $83K emplr
2023$6.8M · 109 accts · $87K emplr
2022$5.6M · 137 accts · $106K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$12,856
Audit (IQPA)$10,500
Total administrative$23,356
The Donley Ford of Ashland, Inc. 401(k) match · 2024
Employer contribution per active participant$839
Median for plans this size$1,313
2024$839 per active participant
2023$857 per active participant
2022$1,031 per active participant

Donley Ford of Ashland, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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
PLANCHEC(K) CPAS LLC · Contract administrator$10,500
REA & ASSOCIATES, INC · Contract administrator$7,514
CAPITAL GROUP RETIREMENT PLAN$963

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$23,356 · 0.32%
2023$16,760 · 0.27%
2022$8,623 · 0.14%
Similar plansRetail Trade · Ohio
Best Supply, Inc. OH$7.8M · 0.74%
Marco's Franchising, LLC OH$7.8M · 0.60%
Cronin Auto, Inc. OH$7.7M · 0.61%
E&H Family Group, Inc. OH$7.5M · 0.52%
Coler Healthcare, LTD. OH$7.4M · 0.33%
Krieger Ford, Inc OH$7.3M · 1.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341235712 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.