Plan Ledger DOL Form 5500 · updated monthly

Gates Automotive Corporation401(k)

GATES AUTOMOTIVE GROUP EES RETIREMENT PLAN · SOUTH BEND, IN · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Gates Automotive Corporation reported $64,903 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,079 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 0.40% to 0.42%. 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 the 679th-largest of 1,562 plans among Indiana employers on file, and the 1,804th of 5,215 in retail trade. In 2023, employees put in $5.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,032,158
Participants with balances159
Active participants192
Employer contributions$207,214
Employee contributions$1,065,225
Employer contribution per active participant$1,079
Average account balance$100,831
Benefits paid to participants$2,638,548
Plan auditDisclaimer of opinion
AuditorATM &CO CERTIFIED PUBLIC ACCOUNTANT
Plan history3
Yearassets · accounts · employer contribution
2024$15.7M · 160 accts · $192K emplr
2023$16.0M · 159 accts · $207K emplr
2022$15.3M · 166 accts · $215K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$18,189
Investment management$46,714
Total administrative$64,903
The Gates Automotive Corporation 401(k) match · 2023
Employer contribution per active participant$1,079
Median for plans this size$2,440
2024$897 per active participant
2023$1,079 per active participant
2022$1,167 per active participant

Gates Automotive Corporation's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
THE VANGUARD GROUP, INC. · Recordkeeping$18,189
CHOREO LLC · Investment advisory (plan)$46,714

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

Recordkeeper by year2
2024Vanguard
2023Vanguard

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$66,948 · 0.42%
2023$64,903 · 0.41%
2022$65,173 · 0.40%
Same employer
Similar plansRetail Trade · Indiana
Tom O'Brien Co. IN$18.1M · 0.37%
Bane-Welker Equipment, LLC IN$17.9M · 0.40%
Capitol City Ford Inc. IN$16.7M · 0.08%
Bosak Motor Sales Inc IN$16.5M · 0.47%
O'Daniel Automotive, Inc. IN$16.0M · 0.50%
Glenbrook Dodge, Inc. IN$15.7M · 0.38%
Romain Buick, Inc. IN$14.8M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350330997 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.