Plan Ledger DOL Form 5500 · updated monthly

Gladding Chevrolet, Inc.401(k)

GLADDING CHEVROLET, INC. ET AL 401K PROFIT SHARING PLAN & TRUST · GLEN BURNIE, MD · plan year 2023

Reported admin expense ratio · 2023
0.70%

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

Gladding Chevrolet, Inc. reported $98,034 in plan administrative expenses for 2023: 0.70% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,238 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 0.70% to 0.57%. 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 803rd-largest of 1,671 plans among Maryland employers on file, and the 1,919th of 5,215 in retail trade. In 2023, employees put in $4.06 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,857,638
Participants with balances127
Active participants148
Employer contributions$183,150
Employee contributions$744,217
Employer contribution per active participant$1,238
Average account balance$116,989
Benefits paid to participants$960,791
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 153 accts · $204K emplr
2023$14.9M · 127 accts · $183K emplr
2022$13.1M · 127 accts · $200K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$95,347
Investment management$2,687
Total administrative$98,034
The Gladding Chevrolet, Inc. 401(k) match · 2023
Employer contribution per active participant$1,238
Median for plans this size$2,440
2024$1,362 per active participant
2023$1,238 per active participant
2022$1,371 per active participant

Gladding Chevrolet, Inc.'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
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping$4,452
WILSHIRE ASSOCIATES INC. · Investment advisory (participants)$2,687

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$82,304 · 0.57%
2023$98,034 · 0.70%
2022$102,643 · 0.70%
Same employer
Similar plansRetail Trade · Maryland
Cabinet Discounters, Inc. MD$17.4M · 0.20%
Brandywine Auto Parts, Inc. MD$15.5M · 0.31%
Herson's, Inc MD$15.0M · 0.42%
Dtlr, Inc. MD$14.6M · 0.90%
Mom's Organic Market, Inc. MD$14.4M · 0.57%
Bob Bell Automotive Group MD$14.3M · 0.58%
Bayside Auto Group MD$14.3M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520655624 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.