Plan Ledger DOL Form 5500 · updated monthly

Friendly Ford401(k)

FRIENDLY FORD 401(K) RETIREMENT PLAN · LAS VEGAS, NV · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Friendly Ford reported $71,239 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $732 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 0.21% to 0.38%. 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 129th-largest of 437 plans among Nevada employers on file, and the 1,445th of 5,215 in retail trade. In 2024, employees put in $5.12 for every $1.00 the employer contributed; active participation has grown from 311 to 489 since 2022.

Plan summary
Net assets, end of year$20,236,114
Participants with balances394
Active participants489
Employer contributions$357,967
Employee contributions$1,831,689
Employer contribution per active participant$732
Average account balance$51,361
Benefits paid to participants$1,177,339
Plan auditUnmodified (clean) audit opinion
AuditorROGERS, CLEM & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$20.2M · 394 accts · $358K emplr
2023$17.1M · 323 accts · $403K emplr
2022$16.1M · 333 accts · $450K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,399
Investment management$35,840
Total administrative$71,239
The Friendly Ford 401(k) match · 2024
Employer contribution per active participant$732
Median for plans this size$2,416
2024$732 per active participant
2023$1,195 per active participant
2022$1,448 per active participant

Friendly Ford'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 · 20242
BROWN & BROWN INSURANCE OF NEVADA · Investment advisory (plan)$35,834
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,399

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$71,239 · 0.38%
2023$29,469 · 0.18%
2022$36,148 · 0.21%
Same employer
Similar plansRetail Trade · Nevada
Findlay Management Group NV$77.4M · 0.53%
Fairway Chevrolet Co. NV$30.0M · 0.31%
Bill Pearce Motors, Inc. NV$17.3M · 0.22%
AG1 USA Inc. NV$12.8M · 0.30%
Champion Chevrolet NV$10.7M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 880108603 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.