Plan Ledger DOL Form 5500 · updated monthly

Herzog-Meier Auto Center401(k)

HERZOG-MEIER AUTO CENTER 401(K) PLAN · BEAVERTON, OR · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Herzog-Meier Auto Center reported $40,214 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $3,638 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 0.49% to 0.53%. 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 Oregon (613th of 1,021), and 2,972nd of 5,215 in retail trade. In 2024, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,309,846
Participants with balances139
Active participants82
Employer contributions$298,303
Employee contributions$464,618
Employer contribution per active participant$3,638
Average account balance$59,783
Benefits paid to participants$406,088
Plan auditUnmodified (clean) audit opinion
AuditorPERKINS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 139 accts · $298K emplr
2023$7.0M · 138 accts · $216K emplr
2022$6.3M · 140 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,258
Investment management$17,956
Total administrative$40,214
The Herzog-Meier Auto Center 401(k) match · 2024
Employer contribution per active participant$3,638
Median for plans this size$1,313
2024$3,638 per active participant
2023$2,455 per active participant
2022$3,366 per active participant

Herzog-Meier Auto Center's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
ADP, INC. · Loan processing · Recordkeeping$22,258
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$17,956
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$40,214 · 0.53%
2023$37,067 · 0.56%
2022$39,323 · 0.49%
Same employer
Similar plansRetail Trade · Oregon
Dari-Mart Stores, Inc. OR$8.9M · 0.83%
Ashland Food Cooperative OR$8.3M · 0.49%
Power Auto, Inc. OR$7.5M · 1.03%
Roberson Motors, Inc. OR$7.4M · 0.58%
Superior Tire Service Inc OR$7.2M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930989771 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.