Plan Ledger DOL Form 5500 · updated monthly

Faulkner Cadillac, Inc.401(k)

FAULKNER GROUP 401(K) PLAN · TREVOSE, PA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Faulkner Cadillac, Inc. reported $353,139 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,355 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 0.31%. 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 414th-largest of 3,651 plans among Pennsylvania employers on file, and the 319th of 5,215 in retail trade. In 2024, employees put in $3.48 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$122,308,635
Participants with balances2,063
Active participants1,777
Employer contributions$2,408,311
Employee contributions$8,390,657
Employer contribution per active participant$1,355
Average account balance$59,287
Benefits paid to participants$9,788,174
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$122.3M · 2,063 accts · $2.4M emplr
2023$108.0M · 2,003 accts · $2.2M emplr
2022$91.7M · 1,858 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$278,836
Investment management$49,303
Audit (IQPA)$25,000
Total administrative$353,139
The Faulkner Cadillac, Inc. 401(k) match · 2024
Employer contribution per active participant$1,355
Median for plans this size$3,635
2024$1,355 per active participant
2023$1,273 per active participant
2022$1,283 per active participant

Faulkner Cadillac, 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
EMPOWER ADVISORY GROUP, LLC · Investment management$49,303
BOYER & RITTER LLC · Accounting / audit$25,000

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$353,139 · 0.31%
2023$305,268 · 0.31%
2022$306,695 · 0.32%
Similar plansRetail Trade · Pennsylvania
Boscov's, Inc. PA$147.2M · 0.16%
Bergey's Incorporated PA$127.1M · 0.20%
Radial Holdings, L.P. PA$125.2M · 0.12%
Gnc Holdings LLC PA$123.8M · 0.28%
Cornerstone Brands Inc. PA$121.4M · 0.10%
Fred Beans Ford, Inc. PA$116.6M · 0.14%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 232139345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.