Plan Ledger DOL Form 5500 · updated monthly

Griffin Automotive Group, LLC401(k)

GRIFFIN AUTOMOTIVE GROUP, LLC 401(K) PLAN · MONROE, NC · plan year 2024

Reported admin expense ratio · 2024
1.07%

Griffin Automotive Group, LLC reported $85,429 in plan administrative expenses for 2024: 1.07% of average plan assets, higher than ~75% of peers. 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 rose from 0.93% to 1.07%. 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 North Carolina (1,234th of 2,005), and 3,031st of 5,215 in retail trade.

Plan summary
Net assets, end of year$8,033,860
Participants with balances155
Active participants161
Employer contributions—
Employee contributions$377,965
Employer contribution per active participant—
Average account balance$51,831
Benefits paid to participants$972,777
Plan auditUnmodified (clean) audit opinion
AuditorDMJPS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.0M · 155 accts
2023$7.9M · 151 accts · $132K emplr
2022$6.8M · 154 accts · $195K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,429
Investment management$51,000
Total administrative$85,429
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 · 20246
TRINITY PENSION GROUP LLC · Contract administrator$20,685
NATIONAL AUTO DEALERS ASSOC$9,139
EMPOWER ADVISORY GROUP · Investment management$3,721
CAPFINANCIAL PARTNERS LLC$1,523
MORGAN STANLEY SMITH BARNEY LLCindirect 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$85,429 · 1.07%
2023$71,735 · 0.97%
2022$68,084 · 0.93%
Same employer
Similar plansRetail Trade · North Carolina
Cloninger Ford, Inc. NC$9.1M · 0.73%
Schiffman's Inc. NC$8.7M · 0.25%
Wom South Investors, Inc NC$8.1M · 0.49%
Sanders Ford, Inc. NC$6.6M · 0.72%
Pmg Carolinas, LLC NC$6.6M · 0.66%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 202642896 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.