Plan Ledger DOL Form 5500 · updated monthly

Great Lakes Auto Network,Inc.401(k)

GREAT LAKES AUTO NETWORK,INC. 401K PROFIT SHARING PLAN · STREETSBORO, OH · plan year 2022

Reported admin expense ratio · 2022
0.53%

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

Great Lakes Auto Network,Inc. reported $16,241 in plan administrative expenses for 2022: 0.53% of average plan assets, above the peer median. Employer contributions averaged $3 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other finance & insurance employers. By assets it is among the smaller plans on file in Ohio (2,896th of 3,295), and 4,602nd of 4,798 in finance & insurance. In 2022, employees put in $918.95 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,804,940
Participants with balances56
Active participants155
Employer contributions$391
Employee contributions$359,310
Employer contribution per active participant$3
Average account balance$50,088
Benefits paid to participants$445,876
Plan auditUnmodified (clean) audit opinion
AuditorKLESHINSKI MORRISION & MORRIS
The Great Lakes Auto Network,Inc. 401(k) match · 2022
Employer contribution per active participant$3
Median for plans this size$1,114

Great Lakes Auto Network,Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$16,241 · 0.53%
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Source: U.S. Department of Labor, Form 5500 series, EIN 341828363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.