Plan Ledger DOL Form 5500 · updated monthly

Express Wash Concepts, LLC401(k)

EXPRESS WASH CONCEPTS 401(K) PLAN · ETNA, OH · plan year 2024

Reported admin expense ratio · 2024
1.26%

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

Express Wash Concepts, LLC reported $38,084 in plan administrative expenses for 2024: 1.26% of average plan assets, higher than ~90% of peers. Employer contributions averaged $323 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 0.88% to 1.26%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (2,781st of 3,295), and 2,565th of 3,341 in other services. In 2024, employees put in $1.56 for every $1.00 the employer contributed; active participation has grown from 630 to 1,184 since 2022.

Plan summary
Net assets, end of year$3,457,897
Participants with balances166
Active participants1,184
Employer contributions$382,090
Employee contributions$597,872
Employer contribution per active participant$323
Average account balance$20,831
Benefits paid to participants$672,247
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 166 accts · $382K emplr
2023$2.6M · 155 accts · $228K emplr
2022$1.9M · 126 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,084
Total administrative$38,084
The Express Wash Concepts, LLC 401(k) match · 2024
Employer contribution per active participant$323
Median for plans this size$1,313
2024$323 per active participant
2023$304 per active participant
2022$401 per active participant

Express Wash Concepts, 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 · 20241
PARK NATIONAL BANK · Recordkeeping · Trustee$38,084

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

Recordkeeper by year2
2024PARK NATIONAL BANK
2023PARK NATIONAL BANK

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

Administrative cost history3
2024$38,084 · 1.26%
2023$21,353 · 0.95%
2022$16,490 · 0.88%
Same employer
Similar plansOther Services · Ohio
Red Oak Behavioral Health OH$3.4M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825188901 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.