Plan Ledger DOL Form 5500 · updated monthly

Fayette Parts Service Inc401(k)

FAYETTE PARTS SERVICE INC 401(K) PROFIT SHARING PLAN & TRUST · BROWNSVILLE, PA · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Fayette Parts Service Inc reported $17,308 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $401 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 1.12% to 0.36%. 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 Pennsylvania (2,879th of 3,651), and 3,763rd of 5,215 in retail trade. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,006,477
Participants with balances100
Active participants296
Employer contributions$118,738
Employee contributions$224,845
Employer contribution per active participant$401
Average account balance$50,065
Benefits paid to participants$230,439
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 100 accts · $119K emplr
2023$4.5M · 102 accts · $124K emplr
2022$3.8M · 110 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,308
Total administrative$17,308
The Fayette Parts Service Inc 401(k) match · 2024
Employer contribution per active participant$401
Median for plans this size$1,313
2024$401 per active participant
2023$442 per active participant
2022$474 per active participant

Fayette Parts Service 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 · 20244
DUNBAR, BENDER & ZAPF, INC. · Recordkeeping · Loan processing$2,235
NATIONWIDE · Investment advisory (participants)$23,015
PROACCOUNT · Investment advisory (participants)$14,573
KESTRA INVESTMENT SERVICES · Investment advisory (participants)indirect comp

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$17,308 · 0.36%
2023$15,637 · 0.38%
2022$45,186 · 1.12%
Similar plansRetail Trade · Pennsylvania
Wbq USA, LLC PA$5.2M · 0.67%
Sns Foods, Inc PA$5.1M · 0.80%
Pilot Water Solutions LLC PA$4.8M · 0.73%
Performance Motors, Inc. PA$4.7M · 0.75%
Community Aid, Inc. PA$4.6M · 1.42%
Kimberton Whole Foods PA$4.6M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 251294478 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.