Plan Ledger DOL Form 5500 · updated monthly

Gilleland Chevrolet Cadillac I401(k)

GILLELAND CHEVROLET CADILLAC I 401(K) PROFIT SHARING PLAN & TRUST · SAINT CLOUD, MN · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Gilleland Chevrolet Cadillac I reported $53,517 in plan administrative expenses for 2024: 0.37% of average plan assets, above the peer median. Employer contributions averaged $2,020 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 fell from 0.44% to 0.37%. 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 among the smaller plans on file in Minnesota (1,043rd of 1,918), and the 1,828th of 5,215 in retail trade. In 2024, employees put in $2.27 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,824,552
Participants with balances331
Active participants266
Employer contributions$537,255
Employee contributions$1,220,542
Employer contribution per active participant$2,020
Average account balance$47,808
Benefits paid to participants$270,609
Plan auditUnmodified (clean) audit opinion
AuditorBRANDY, MARTZ & ASSOCIATES P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 331 accts · $537K emplr
2023$12.9M · 206 accts · $426K emplr
2022$11.1M · 209 accts · $435K emplr
Administrative expenses, itemized · 2024
Investment management$53,517
Total administrative$53,517
The Gilleland Chevrolet Cadillac I 401(k) match · 2024
Employer contribution per active participant$2,020
Median for plans this size$2,416
2024$2,020 per active participant
2023$1,637 per active participant
2022$1,760 per active participant

Gilleland Chevrolet Cadillac I's 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
HUMAN INTEREST ADVISOR LLC · Contract administrator · Investment advisory (plan)$12,019
CHRIS CHAPMAN · Investment advisory (plan)$41,499

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

Recordkeeper by year2
2024Human Interest
2023Paychex

This plan has changed recordkeepers within these filings. If you left Gilleland Chevrolet Cadillac I before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,517 · 0.37%
2023$67,986 · 0.57%
2022$52,687 · 0.44%
Similar plansRetail Trade · Minnesota
Trafera, LLC MN$16.2M · 0.63%
Royal Tire, Inc. MN$16.1M · 0.01%
Devenish Nutrition MN$15.9M · 0.36%
Pleasureland, Inc. MN$15.5M · 0.32%
Feldmann Imports, Inc. MN$14.2M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411561062 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.