Plan Ledger DOL Form 5500 · updated monthly

Halrec, Inc. dba Stevens Creek Toyota401(k)

AMC 401(K) PLAN · SAN JOSE, CA · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Halrec, Inc. dba Stevens Creek Toyota reported $214,249 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $394 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 rose from 0.55% to 0.64%. 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 2,300th-largest of 9,483 plans among California employers on file, and the 874th of 5,215 in retail trade. In 2024, employees put in $8.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,323,951
Participants with balances655
Active participants822
Employer contributions$323,766
Employee contributions$2,594,926
Employer contribution per active participant$394
Average account balance$55,456
Benefits paid to participants$2,119,984
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.3M · 655 accts · $324K emplr
2023$30.8M · 664 accts · $293K emplr
2022$26.3M · 654 accts · $293K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$147,764
Investment management$66,485
Total administrative$214,249
The Halrec, Inc. dba Stevens Creek Toyota 401(k) match · 2024
Employer contribution per active participant$394
Median for plans this size$2,416
2024$394 per active participant
2023$402 per active participant
2022$392 per active participant

Halrec, Inc. dba Stevens Creek Toyota'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
JOHN HANCOCK LIFE INSURANCE COMPAN · Recordkeeping · Investment management$77,682
PRIMARK · Contract administrator$70,082
MIRACLE MILE ADVISORS, LLC · Investment advisory (participants)$66,485

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$214,249 · 0.64%
2023$161,054 · 0.56%
2022$145,775 · 0.55%
Same employer
Similar plansRetail Trade · California
Worldwide Golf Shops LLC CA$38.1M · 0.74%
Berkeley Bowl Produce Inc CA$37.4M · 0.41%
Ghost Management Group, LLC CA$37.2M · 0.32%
New Tangram, LLC CA$36.3M · 0.35%
Maita Auto Group CA$36.0M · 0.33%
Valence Media, LLC. CA$35.8M · 0.34%
1661, Inc. dba Goat CA$34.8M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 941441982 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.