Plan Ledger DOL Form 5500 · updated monthly

Greensboro Auto Auction, Inc.401(k)

GREENSBORO AUTO AUCTION, INC. EMPLOYEES' 401(K) PLAN · GREENSBORO, NC · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Greensboro Auto Auction, Inc. reported $44,682 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $640 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 0.28% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 671st-largest of 2,005 plans among North Carolina employers on file, and the 942nd of 3,341 in other services. In 2024, employees put in $3.59 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$23,015,382
Participants with balances354
Active participants495
Employer contributions$316,962
Employee contributions$1,136,526
Employer contribution per active participant$640
Average account balance$65,015
Benefits paid to participants$2,977,723
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$23.0M · 354 accts · $317K emplr
2023$21.5M · 351 accts · $289K emplr
2022$19.0M · 355 accts · $267K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,738
Trustee / custodial$8,944
Total administrative$44,682
The Greensboro Auto Auction, Inc. 401(k) match · 2024
Employer contribution per active participant$640
Median for plans this size$2,416
2024$640 per active participant
2023$629 per active participant
2022$573 per active participant

Greensboro Auto Auction, Inc.'s 2024 employer contribution ran below the $2,416 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
NEWPORT GROUP, INC. · Recordkeeping$35,738
NEWPORT TRUST COMPANY · Trustee · Trustee (directed)$8,944

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$44,682 · 0.20%
2023$39,447 · 0.19%
2022$57,664 · 0.28%
Similar plansOther Services · North Carolina
G & W Equipment, Inc. NC$25.9M · 0.24%
Autobell Car Wash, Inc. NC$21.2M · 0.25%
Charlotte Christian School NC$16.8M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561473725 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.