Plan Ledger DOL Form 5500 · updated monthly

Gary Smith Ford Inc401(k)

GARY SMITH FORD 401(K) PLAN · FORT WALTON BEACH, FL · plan year 2022

Reported admin expense ratio · 2022
0.04%

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

Gary Smith Ford Inc reported $1,259 in plan administrative expenses for 2022: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $0 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (2,979th of 3,644), and 4,506th of 5,215 in retail trade.

Plan summary
Net assets, end of year$2,546,548
Participants with balances39
Active participants70
Employer contributions$0
Employee contributions$128,201
Employer contribution per active participant$0
Average account balance$65,296
Benefits paid to participants$529,822
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$210
Investment management$1,049
Total administrative$1,259
The Gary Smith Ford Inc 401(k) match · 2022
Employer contribution per active participant$0
Median for plans this size$1,114

Gary Smith Ford Inc's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$1,259 · 0.04%
Similar plansRetail Trade · Florida
Elite Flower Services FL$2.9M · 2.10%
Deluca Toyota, Inc. FL$2.7M · 0.81%
Recreation World, Inc. FL$2.5M · 0.71%
M and D Automotive, LLC FL$2.2M · 0.35%
Dbk Concepts, LLC FL$2.2M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591155466 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.