Plan Ledger DOL Form 5500 · updated monthly

Fred Haas Motors, LTD.401(k)

FRED HAAS INTERESTS 401(K) PLAN · SPRING, TX · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

Fred Haas Motors, LTD. reported $74,959 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $144 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 0.35% to 0.42%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,102nd-largest of 5,688 plans among Texas employers on file, and the 1,535th of 5,215 in retail trade. In 2024, employees put in $21.00 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,989,838
Participants with balances339
Active participants545
Employer contributions$78,403
Employee contributions$1,646,771
Employer contribution per active participant$144
Average account balance$56,017
Benefits paid to participants$1,581,967
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 339 accts · $78K emplr
2023$16.5M · 349 accts · $74K emplr
2022$14.7M · 349 accts · $82K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,308
Investment management$57,651
Total administrative$74,959
The Fred Haas Motors, LTD. 401(k) match · 2024
Employer contribution per active participant$144
Median for plans this size$2,416
2024$144 per active participant
2023$136 per active participant
2022$156 per active participant

Fred Haas Motors, LTD.'s 2024 employer contribution ran below the $2,416 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
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$44,506
EMPOWER ADVISORY GROUP, LLC · Investment management$13,145

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$74,959 · 0.42%
2023$80,444 · 0.52%
2022$57,055 · 0.35%
Same employer
Similar plansRetail Trade · Texas
Sames Motor Company, Inc. TX$21.0M · 0.61%
Specs Family Partners, LTD. TX$18.9M · 2.85%
Casa Nissan, Inc. TX$18.9M · 0.59%
James Wood Motors, Inc TX$18.8M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 741674758 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.