Plan Ledger DOL Form 5500 · updated monthly

Haley Buick Gmc Truck, IncProfit-sharing plan

HALEY AUTOMOTIVE GROUP PROFIT SHARING PLAN · RICHMOND, VA · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Haley Buick Gmc Truck, Inc reported $127,036 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $215 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 0.47%. 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 768th-largest of 2,266 plans among Virginia employers on file, and the 1,084th of 5,215 in retail trade. In 2024, employees put in $14.10 for every $1.00 the employer contributed; active participation has grown from 513 to 569 since 2022.

Plan summary
Net assets, end of year$28,444,673
Participants with balances349
Active participants569
Employer contributions$122,459
Employee contributions$1,726,447
Employer contribution per active participant$215
Average account balance$81,503
Benefits paid to participants$1,722,080
Plan auditUnmodified (clean) audit opinion
AuditorL2G, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$28.4M · 349 accts · $122K emplr
2023$25.7M · 329 accts · $116K emplr
2022$23.6M · 331 accts · $112K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,461
Investment management$74,575
Total administrative$127,036
Employer contributions to the Haley Buick Gmc Truck, Inc plan · 2024
Employer contribution per active participant$215
Median for plans this size$2,416
2024$215 per active participant
2023$218 per active participant
2022$218 per active participant

Haley Buick Gmc Truck, 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 · 20243
RAYMOND JAMES · Investment advisory (plan)$59,899
EMPOWER ADVISORY GROUP, LLC · Investment management$14,676

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$127,036 · 0.47%
2023$118,151 · 0.48%
2022$119,470 · 0.46%
Same employer
Similar plansRetail Trade · Virginia
Gpm Investments, LLC VA$39.2M · 0.59%
Virginia Truck Center, Inc. VA$38.4M · 0.55%
Ted Britt Ford Sales, Inc. VA$29.8M · 0.38%
Meadows Farms, Inc. VA$28.1M · 0.10%
Sofie Network Inc. VA$25.0M · 0.40%
Grand Home Furnishings VA$24.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540719909 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.