Plan Ledger DOL Form 5500 · updated monthly

Elliott Auto Supply Co., Inc.401(k)

FACTORY MOTOR PARTS 401(K) SAVINGS PLAN · EAGAN, MN · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Elliott Auto Supply Co., Inc. reported $242,348 in plan administrative expenses for 2024: 0.22% of average plan assets, above the peer median. Employer contributions averaged $1,131 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 3 years on file its reported administrative ratio has held roughly steady near 0.221%. 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 251st-largest of 1,918 plans among Minnesota employers on file, and the 334th of 5,215 in retail trade. In 2024, employees put in $1.61 for every $1.00 the employer contributed; active participation has grown from 2,276 to 3,513 since 2022.

Plan summary
Net assets, end of year$115,642,693
Participants with balances2,810
Active participants3,513
Employer contributions$3,971,707
Employee contributions$6,378,356
Employer contribution per active participant$1,131
Average account balance$41,154
Benefits paid to participants$12,378,071
Plan auditUnmodified (clean) audit opinion
AuditorEISENRAMPER LLP
Plan history3
Yearassets · accounts · employer contribution
2024$115.6M · 2,810 accts · $4.0M emplr
2023$103.5M · 2,576 accts · $3.7M emplr
2022$82.5M · 2,024 accts · $3.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$140,132
Trustee / custodial$102,216
Total administrative$242,348
The Elliott Auto Supply Co., Inc. 401(k) match · 2024
Employer contribution per active participant$1,131
Median for plans this size$3,635
2024$1,131 per active participant
2023$985 per active participant
2022$1,642 per active participant

Elliott Auto Supply Co., 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 · 20243
BREMER BANK NATIONAL ASSOCIATION · Trustee (directed)$102,216
CHARLES SCHWAB & CO.,INC · Securities brokerage$957

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$242,348 · 0.22%
2023$191,924 · 0.21%
2022$194,346 · 0.22%
Same employer
Similar plansRetail Trade · Minnesota
Blst Operating Company, LLC MN$204.3M · 0.09%
Coborn's Incorporated MN$162.1M · 0.34%
Room & Board, Inc. MN$157.2M · 0.12%
Digital River, Inc. MN$93.6M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 410639421 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.