Plan Ledger DOL Form 5500 · updated monthly

Downey Import Cars, Inc.401(k)

DOWNEY IMPORT CARS, INC. 401(K) PLAN · DOWNEY, CA · plan year 2023

Reported admin expense ratio · 2023
0.29%

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

Downey Import Cars, Inc. reported $5,796 in plan administrative expenses for 2023: 0.29% of average plan assets, below the peer median. 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 1 year on file its reported administrative ratio rose from 0.26% to 0.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (8,171st of 9,483), and 4,582nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$2,291,292
Participants with balances82
Active participants136
Employer contributions$0
Employee contributions$274,469
Employer contribution per active participant$0
Average account balance$27,943
Benefits paid to participants$35,378
Plan auditUnmodified (clean) audit opinion
AuditorMATTHEW LEMAS CPA & ASSOCIATES
Plan history2
Yearassets · accounts · employer contribution
2023$2.3M · 82 accts
2022$1.7M · 101 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,051
Investment management$745
Total administrative$5,796
The Downey Import Cars, Inc. 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Downey Import Cars, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
SENTRY LIFE INSURANCE COMPANY · Loan processing$5,051

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

Administrative cost history2
2023$5,796 · 0.29%
2022$4,784 · 0.26%
Similar plansRetail Trade · California
Kaizen Resources, Inc. CA$2.4M · 1.50%
Ronald Cohn, Inc. CA$2.4M · 1.18%
Stinson Enterprises, Inc. CA$2.3M · 0.63%
Artisan Brewers, LLC CA$2.3M · 0.91%
Esalon.com LLC CA$2.2M · 0.10%
Kn Properties, LLC CA$2.2M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 261458269 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.