Plan Ledger DOL Form 5500 · updated monthly

Doral Automotive Group LLC401(k)

DORAL AUTOMOTIVE GROUP, LLC 401(K) PLAN · DORAL, FL · plan year 2024

Reported admin expense ratio · 2024
1.61%

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

Doral Automotive Group LLC reported $58,489 in plan administrative expenses for 2024: 1.61% of average plan assets, higher than ~90% of peers. Employer contributions averaged $380 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 1.38% to 1.61%. 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 Florida (2,676th of 3,644), and 3,788th of 4,246 in wholesale trade. In 2024, employees put in $7.35 for every $1.00 the employer contributed; active participation has grown from 244 to 280 since 2022.

Plan summary
Net assets, end of year$4,024,139
Participants with balances268
Active participants280
Employer contributions$106,311
Employee contributions$781,716
Employer contribution per active participant$380
Average account balance$15,015
Benefits paid to participants$520,345
Plan auditUnmodified (clean) audit opinion
AuditorFRSCPA
Plan history3
Yearassets · accounts · employer contribution
2024$4.0M · 268 accts · $106K emplr
2023$3.2M · 270 accts · $97K emplr
2022$2.3M · 248 accts · $122K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,454
Investment management$27,035
Total administrative$58,489
The Doral Automotive Group LLC 401(k) match · 2024
Employer contribution per active participant$380
Median for plans this size$1,313
2024$380 per active participant
2023$374 per active participant
2022$500 per active participant

Doral Automotive Group 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
ADP, INC. · Loan processing · Recordkeeping$31,453
ROYAL ALLIANCE ASSOCIATES, INC. · Recordkeeping · Trustee$27,035

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

Recordkeeper by year2
2024ADP, ROYAL ALLIANCE ASSOCIATES, INC.
2023ADP, ROYAL ALLIANCE ASSOCIATES, INC.

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Administrative cost history3
2024$58,489 · 1.61%
2023$40,650 · 1.47%
2022$28,960 · 1.38%
Same employer
Similar plansWholesale Trade · Florida
Lewis Marine Supply LLC FL$4.2M · 0.71%
Pure Source, LLC FL$4.2M · 0.96%
Foh, Inc. FL$3.9M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 842629999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.