Plan Ledger DOL Form 5500 · updated monthly

Greenwood Chevrolet, Inc.401(k)

GREENWOOD CHEVROLET, INC. 401(K) PROFIT SHARING PLAN · YOUNGSTOWN, OH · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Greenwood Chevrolet, Inc. reported $3,483 in plan administrative expenses for 2024: 0.04% of average plan assets, lower 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 3 years on file its reported administrative ratio has held roughly steady near 0.037%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,021st of 3,295), and 2,693rd of 5,215 in retail trade.

Plan summary
Net assets, end of year$9,629,968
Participants with balances154
Active participants145
Employer contributions$0
Employee contributions$551,926
Employer contribution per active participant$0
Average account balance$62,532
Benefits paid to participants$1,578,148
Plan auditUnmodified (clean) audit opinion
AuditorPACKER THOMAS CPA
Plan history3
Yearassets · accounts · employer contribution
2024$9.6M · 154 accts
2023$9.4M · 159 accts
2022$7.7M · 166 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,483
Total administrative$3,483
The Greenwood Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Greenwood Chevrolet, Inc.'s 2024 employer contribution ran below the $1,313 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
FIRST MASON FINANCIAL LLC · Investment advisory (plan)$31,769
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$2,462

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$3,483 · 0.04%
2023$2,934 · 0.03%
2022$3,266 · 0.04%
Similar plansRetail Trade · Ohio
Metro Toyota OH$9.9M · 0.43%
Pure Romance, LLC OH$9.9M · 0.59%
Remke Markets, Inc. OH$9.8M · 0.45%
Ritz Safety LLC OH$9.6M · 0.92%
Shaffer Distributing Co. OH$9.6M · 0.59%
Trademark Global, LLC OH$9.5M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 340869815 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.