Plan Ledger DOL Form 5500 · updated monthly

Gross Motors, Inc.401(k)

GROSS AUTO RETIREMENT PLAN · NEILLSVILLLE, WI · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Gross Motors, Inc. reported $5,323 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $3,629 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 0.11% to 0.03%. 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 845th-largest of 1,936 plans among Wisconsin employers on file, and the 1,427th of 5,215 in retail trade. In 2024, employees put in $1.29 for every $1.00 the employer contributed; active participation has shrunk from 112 to 96 since 2022.

Plan summary
Net assets, end of year$20,535,363
Participants with balances107
Active participants96
Employer contributions$348,352
Employee contributions$449,964
Employer contribution per active participant$3,629
Average account balance$191,919
Benefits paid to participants$655,715
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.5M · 107 accts · $348K emplr
2023$18.3M · 104 accts · $335K emplr
2022$15.0M · 108 accts · $312K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,590
Investment management$3,733
Total administrative$5,323
The Gross Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$3,629
Median for plans this size$2,416
2024$3,629 per active participant
2023$3,559 per active participant
2022$2,783 per active participant

Gross Motors, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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.

Administrative cost history3
2024$5,323 · 0.03%
2023$32,128 · 0.19%
2022$19,662 · 0.11%
Similar plansRetail Trade · Wisconsin
Ivan Gandrud Chevrolet, Inc WI$21.0M · 0.14%
Nasco Education LLC WI$20.8M · 0.32%
T.R. Nelson, Inc. WI$20.7M · 0.67%
Holiday Auto WI$20.3M · 0.46%
Rogan Shoes, Incorporated WI$19.3M · 0.33%
Leadcar Systems, Inc. WI$19.1M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 390912575 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.