Plan Ledger DOL Form 5500 · updated monthly

Germain Automotive Partnership, Inc.401(k)

GERMAIN AUTOMOTIVE PARTNERSHIP, INC. 401(K) PLAN · DUBLIN, OH · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Germain Automotive Partnership, Inc. reported $240,402 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $504 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 0.50% to 0.54%. 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 674th-largest of 3,295 plans among Ohio employers on file, and the 667th of 5,215 in retail trade. In 2024, employees put in $7.72 for every $1.00 the employer contributed; active participation has grown from 981 to 1,233 since 2022.

Plan summary
Net assets, end of year$48,481,714
Participants with balances905
Active participants1,233
Employer contributions$620,916
Employee contributions$4,795,735
Employer contribution per active participant$504
Average account balance$53,571
Benefits paid to participants$3,110,933
Plan auditUnmodified (clean) audit opinion
AuditorBRADY, WARE AND SCHOENDFELD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$48.5M · 905 accts · $621K emplr
2023$41.0M · 766 accts · $596K emplr
2022$31.5M · 742 accts · $523K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,318
Investment management$183,932
Trustee / custodial$13,152
Total administrative$240,402
The Germain Automotive Partnership, Inc. 401(k) match · 2024
Employer contribution per active participant$504
Median for plans this size$2,416
2024$504 per active participant
2023$555 per active participant
2022$533 per active participant

Germain Automotive Partnership, Inc.'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 · 20243
SCHNEIDER DOWNS RET. SOLUTIONS · Recordkeeping$43,318
SCHNEIDER DOWNS WEALTH MGMT ADV. · Investment advisory (participants) · Investment advisory (plan)$183,932
CHARLES SCHWAB TRUST COMPANY · Custodial (securities) · Trustee$13,152

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

Recordkeeper by year2
2024SCHNEIDER DOWNS RET. SOLUTIONS
2023SCHNEIDER DOWNS RET. SOLUTIONS

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Administrative cost history3
2024$240,402 · 0.54%
2023$187,851 · 0.52%
2022$166,420 · 0.50%
Same employer
Similar plansRetail Trade · Ohio
Fyda, Inc. OH$54.7M · 0.53%
Ken Ganley Companies OH$54.0M · 0.21%
Leaffilter North, LLC OH$44.7M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274723638 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.