Plan Ledger DOL Form 5500 · updated monthly

Finishmaster, Inc.401(k)

FINISHMASTER, INC. 401(K) PLAN · INDIANAPOLIS, IN · plan year 2023

Reported admin expense ratio · 2023
0.19%

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

Finishmaster, Inc. reported $134,456 in plan administrative expenses for 2023: 0.19% of average plan assets, above the peer median. Employer contributions averaged $1,670 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 1 year on file its reported administrative ratio fell from 0.43% to 0.19%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other wholesale trade employers. By assets it is the 189th-largest of 1,562 plans among Indiana employers on file, and the 535th of 4,246 in wholesale trade. In 2023, employees put in $2.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$76,707,900
Participants with balances1,370
Active participants990
Employer contributions$1,653,378
Employee contributions$4,806,997
Employer contribution per active participant$1,670
Average account balance$55,991
Benefits paid to participants$10,974,435
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$76.7M · 1,370 accts · $1.7M emplr
2022$67.7M · 1,641 accts · $1.7M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$51,828
Investment management$63,828
Audit (IQPA)$18,800
Total administrative$134,456
The Finishmaster, Inc. 401(k) match · 2023
Employer contribution per active participant$1,670
Median for plans this size$3,659
2023$1,670 per active participant
2022$1,512 per active participant

Finishmaster, Inc.'s 2023 employer contribution ran below the $3,659 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
SAGEVIEW ADVISORY GROUP LLC · Investment advisory (plan)$60,041
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$51,828
BONADIO & C0, LLP · Accounting / audit$18,800

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

Administrative cost history3
2024Not separately reported
2023$134,456 · 0.19%
2022$370,164 · 0.43%
Similar plansWholesale Trade · Indiana
Openlane, Inc. IN$314.7M · 0.05%
Do IT Best Corp. IN$218.6M · 0.07%
Headwater Companies, LLC IN$68.4M · 0.23%
Zurcher Tire, Inc. IN$57.2M · 1.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382252096 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.