Carstar Rapid City, Inc.401(k)
CARSTAR COLLISION CENTER 401(K) PLAN · RAPID CITY, SD · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Carstar Rapid City, Inc. reported $5,307 in plan administrative expenses for 2023: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $253 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 0.07% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in South Dakota (148th of 233), and 1,813th of 3,341 in other services. In 2023, employees put in $22.17 for every $1.00 the employer contributed.
Carstar Rapid City, Inc.'s 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 460321343 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.