Plan Ledger DOL Form 5500 · updated monthly

Freeman Motors dba Freeman Toyota and Lexus401(k)

FREEMAN MOTORS DBA FREEMAN TOYOTA AND LEXUS 401(K) PLAN · SANTA ROSA, CA · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Freeman Motors dba Freeman Toyota and Lexus reported $48,119 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $1,193 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 $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 4,196th-largest of 9,483 plans among California employers on file, and the 1,793rd of 5,215 in retail trade. In 2024, employees put in $4.43 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,179,064
Participants with balances216
Active participants173
Employer contributions$206,383
Employee contributions$913,750
Employer contribution per active participant$1,193
Average account balance$74,903
Benefits paid to participants$1,454,990
Plan auditUnmodified (clean) audit opinion
AuditorPOMARES & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 216 accts · $206K emplr
2023$14.9M · 218 accts · $214K emplr
2022$13.5M · 211 accts · $187K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$48,119
Total administrative$48,119
The Freeman Motors dba Freeman Toyota and Lexus 401(k) match · 2024
Employer contribution per active participant$1,193
Median for plans this size$2,416
2024$1,193 per active participant
2023$1,195 per active participant
2022$1,085 per active participant

Freeman Motors dba Freeman Toyota and Lexus'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 · 20241

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$48,119 · 0.31%
2023$42,399 · 0.30%
2022$43,798 · 0.30%
Same employer
Similar plansRetail Trade · California
Lymi Inc CA$16.5M · 0.54%
Jinon Corporation CA$16.3M · 0.45%
Fashion Nova, Inc. CA$16.2M · 0.48%
Tap Plastics, Inc. CA$16.2M · 0.17%
Babylist, Inc. CA$16.2M · 0.77%
Bob Baker Enterprises, Inc. CA$16.1M · 0.58%
Tower Energy Group CA$15.8M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941542405 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.