Plan Ledger DOL Form 5500 · updated monthly

Future Ford Sales, Inc. dba Sheridan Ford Sales401(k)

SHERIDAN AUTO GROUP 401(K) PLAN · WILMINGTON, DE · plan year 2023

Reported admin expense ratio · 2023
0.35%

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

Future Ford Sales, Inc. dba Sheridan Ford Sales reported $37,030 in plan administrative expenses for 2023: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,467 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 0.38% to 0.35%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Delaware (140th of 242), and the 2,394th of 5,215 in retail trade. In 2023, employees put in $2.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,309,135
Participants with balances130
Active participants91
Employer contributions$133,491
Employee contributions$391,944
Employer contribution per active participant$1,467
Average account balance$86,993
Benefits paid to participants$589,954
Plan auditUnmodified (clean) audit opinion
AuditorCOUNCILOR BUCHANAN AND MITCHELL, P.
Plan history2
Yearassets · accounts · employer contribution
2023$11.3M · 130 accts · $133K emplr
2022$10.1M · 130 accts · $158K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$8,896
Investment management$28,134
Total administrative$37,030
The Future Ford Sales, Inc. dba Sheridan Ford Sales 401(k) match · 2023
Employer contribution per active participant$1,467
Median for plans this size$2,440
2023$1,467 per active participant
2022$1,648 per active participant

Future Ford Sales, Inc. dba Sheridan Ford Sales's 2023 employer contribution ran below the $2,440 median for plans its size. 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
AXA ADVISORS LLC · Investment advisory (plan)$26,273
EMPOWER ADVISORY GROUP, LLC · Investment management$1,861

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

Administrative cost history2
2023$37,030 · 0.35%
2022$42,983 · 0.38%
Similar plansRetail Trade · Delaware
William H. Porter, Inc. DE$15.4M · 0.43%
Delaware Motor Sales, Inc DE$12.1M · 0.68%
The Price Organization DE$11.7M · 0.62%
Hynansky Investments, LLC DE$10.8M · 0.66%
Off Lease Only LLC DE$8.6M · 1.44%
Marg Pharmacy Inc. DE$8.2M · 1.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 510109253 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.