Plan Ledger DOL Form 5500 · updated monthly

Drivetime Automotive Group Inc401(k)

DRIVETIME 401(K) PLAN · TEMPE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Drivetime Automotive Group Inc reported $290,491 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $1,150 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 fell from 0.28% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 88th-largest of 1,285 plans among Arizona employers on file, and the 254th of 5,215 in retail trade. In 2024, employees put in $2.53 for every $1.00 the employer contributed; active participation has grown from 4,302 to 5,541 since 2022.

Plan summary
Net assets, end of year$161,534,687
Participants with balances3,609
Active participants5,541
Employer contributions$6,369,624
Employee contributions$16,101,241
Employer contribution per active participant$1,150
Average account balance$44,759
Benefits paid to participants$13,510,790
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$161.5M · 3,609 accts · $6.4M emplr
2023$130.7M · 3,368 accts · $6.7M emplr
2022$98.6M · 3,235 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$235,991
Total administrative$290,491
The Drivetime Automotive Group Inc 401(k) match · 2024
Employer contribution per active participant$1,150
Median for plans this size$3,635
2024$1,150 per active participant
2023$1,507 per active participant
2022$1,396 per active participant

Drivetime Automotive Group Inc's 2024 employer contribution ran below the $3,635 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$236,074
SAGE VIEW ADVISORY GROUP LLC · Consulting$54,500

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$290,491 · 0.20%
2023$260,913 · 0.23%
2022$286,284 · 0.28%
Same employer
Similar plansRetail Trade · Arizona
The Circle K Retirement Plan AZ$505.9M · 0.23%
Spencer's Tv and Appliance AZ$374.9M · 0.00%
Carvana, LLC AZ$267.1M · 0.21%
Raleys Arizona LLC AZ$118.8M · 0.24%
Gowan Company, LLC AZ$91.6M · 0.13%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860721358 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.