Plan Ledger DOL Form 5500 · updated monthly

Ed Shults Chevrolet, Inc.401(k)

SHULTS AUTO GROUP 401(K) PLAN · JAMESTOWN, NY · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Ed Shults Chevrolet, Inc. reported $4,747 in plan administrative expenses for 2024: 0.08% of average plan assets, lower than ~75% of peers. Employer contributions averaged $486 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 0.05% to 0.08%. 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 York (4,207th of 5,648), and 3,409th of 5,215 in retail trade. In 2024, employees put in $6.28 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,354,210
Participants with balances156
Active participants163
Employer contributions$79,161
Employee contributions$497,042
Employer contribution per active participant$486
Average account balance$40,732
Benefits paid to participants$290,711
Plan auditUnmodified (clean) audit opinion
AuditorBUFFAMANTE WHIPPLE BUTTAFARO P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$6.4M · 156 accts · $79K emplr
2023$5.3M · 156 accts · $84K emplr
2022$4.3M · 168 accts · $90K emplr
The Ed Shults Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$486
Median for plans this size$1,313
2024$486 per active participant
2023$498 per active participant
2022$496 per active participant

Ed Shults Chevrolet, 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.

Service providers · 20243
NATIONWIDE · Contract administrator · Recordkeeping$22,028
THE PENSION SERVICE, INC. · Recordkeeping$5,145
LINCOLN INVESTMENT PLANNING · Securities brokerageindirect comp

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

Recordkeeper by year2
2024Nationwide, THE PENSION SERVICE, INC.
2023Nationwide, THE PENSION SERVICE, INC.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,747 · 0.08%
2023$4,804 · 0.10%
2022$2,387 · 0.05%
Similar plansRetail Trade · New York
Moores Tire Sales, Inc. NY$6.6M · 0.46%
Robert Fox, Inc. NY$6.6M · 0.71%
Live Auctioneers LLC NY$6.5M · 0.49%
Intivity Inc. NY$6.4M · 0.46%
Amorepacific US, Inc. NY$6.3M · 0.63%
Lithic, Inc. NY$6.3M · 0.12%
Total Care Rx NY$6.3M · 0.10%
Thom Browne Inc NY$6.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161169076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.