Plan Ledger DOL Form 5500 · updated monthly

Giles Automotive, Inc.401(k)

GILES AUTOMOTIVE, INC. 401(K) PLAN · LAFAYETTE, LA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Giles Automotive, Inc. reported $27,850 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $542 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 0.62% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Louisiana (633rd of 884), and 3,950th of 5,215 in retail trade. In 2024, employees put in $5.62 for every $1.00 the employer contributed; active participation has grown from 121 to 148 since 2022.

Plan summary
Net assets, end of year$4,352,755
Participants with balances137
Active participants148
Employer contributions$80,236
Employee contributions$451,077
Employer contribution per active participant$542
Average account balance$31,772
Benefits paid to participants$598,876
Plan auditUnmodified (clean) audit opinion
AuditorSVADLENAK, SEE & CO.
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 137 accts · $80K emplr
2023$3.9M · 125 accts
2022$3.4M · 101 accts · $96K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,396
Investment management$17,454
Total administrative$27,850
The Giles Automotive, Inc. 401(k) match · 2024
Employer contribution per active participant$542
Median for plans this size$1,313
2024$542 per active participant
2022$795 per active participant

Giles Automotive, Inc.'s 2024 employer contribution ran below the $1,313 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
GALLAGHER FIDUCIARY ADVISORS LLC · Investment advisory (plan)$15,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,396

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$27,850 · 0.67%
2023$19,274 · 0.52%
2022$22,025 · 0.62%
Similar plansRetail Trade · Louisiana
Bergeron Motors, Inc. LA$5.0M · 0.05%
Hampton Inc. LA$4.9M · 0.08%
Robert Resources, L.L.C. LA$4.7M · 0.70%
Ryan Chevrolet, LLC LA$4.6M · 0.43%
Courtesy Chevrolet, Inc. LA$3.5M · 0.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 760005644 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.