Plan Ledger DOL Form 5500 · updated monthly

Greenway Ford, Inc.401(k)

GREENWAY FORD 401(K) PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Greenway Ford, Inc. reported $225,634 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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 1.00% to 0.57%. 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 the 614th-largest of 3,644 plans among Florida employers on file, and the 748th of 5,215 in retail trade.

Plan summary
Net assets, end of year$42,158,175
Participants with balances2,268
Active participants2,005
Employer contributions$0
Employee contributions$6,073,163
Employer contribution per active participant$0
Average account balance$18,588
Benefits paid to participants$6,817,867
Plan auditUnmodified (clean) audit opinion
AuditorROSENFIELD AND CO PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$42.2M · 2,268 accts
2023$37.7M · 2,568 accts
2022$30.5M · 2,359 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$178,998
Investment management$36,780
Total administrative$225,634
The Greenway Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Greenway Ford, 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 · 20247
360 PAYROLL INTEGRATION CORP · Investment advisory (plan)$28,471
GREENWAY AUTOMOTIVE MANAGEMENT LLC$9,800
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$4,363
EMPOWER ADVISORY GROUP, LLC · Investment management$3,946
WINTER HAVEN VENTURES INC$56
PRINCIPAL SECURITIES INC · Investment advisory (plan)indirect comp

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

Administrative cost history3
2024$225,634 · 0.57%
2023$269,892 · 0.79%
2022$318,281 · 1.00%
Same employer
Similar plansRetail Trade · Florida
City Furniture FL$77.5M · 0.15%
Braman Motors, Inc. FL$66.6M · 0.38%
Gettel Automotive, Inc. FL$42.1M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591543301 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.