Plan Ledger DOL Form 5500 · updated monthly

Highlands Automotive Holdings, Inc.401(k)

HIGHLANDS AUTOMOTIVE HOLDINGS, INC. 401(K) PLAN · TRIADELPHIA, WV · plan year 2024

Reported admin expense ratio · 2024
0.87%

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

Highlands Automotive Holdings, Inc. reported $44,519 in plan administrative expenses for 2024: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,272 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 0.40% to 0.87%. 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 West Virginia (181st of 265), and 3,615th of 5,215 in retail trade. In 2024, employees put in $2.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,521,660
Participants with balances111
Active participants155
Employer contributions$197,220
Employee contributions$445,480
Employer contribution per active participant$1,272
Average account balance$49,745
Benefits paid to participants$598,814
Plan auditUnmodified (clean) audit opinion
AuditorGOFF BACKA ALFERA & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.5M · 111 accts · $197K emplr
2023$4.8M · 110 accts · $200K emplr
2022$3.7M · 112 accts · $202K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,518
Investment management$17,214
Audit (IQPA)$3,337
Total administrative$44,519
The Highlands Automotive Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$1,272
Median for plans this size$1,313
2024$1,272 per active participant
2023$1,472 per active participant
2022$1,430 per active participant

Highlands Automotive Holdings, Inc.'s 2024 employer contribution ran below the $1,313 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.

Service providers · 20244
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$19,518
M2B RETIREMENT CONSULTING, LLC · Recordkeeping · Loan processing$3,500
AVANTAX ADVISORY SERVICES INC · Investment advisory (plan)$17,214
PERRY & ASSOCIATES · Accounting / audit$9,500

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

Recordkeeper by year2
2024M2B RETIREMENT CONSULTING, LLC, Transamerica
2023M2B RETIREMENT CONSULTING, LLC, Transamerica

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Administrative cost history3
2024$44,519 · 0.87%
2023$34,326 · 0.81%
2022$14,905 · 0.40%
Similar plansRetail Trade · West Virginia
Discount Emporium, Inc. WV$6.6M · 0.22%
Kings Tire Service, Inc. WV$5.1M · 0.06%
Mid-State Automotive, Inc WV$3.7M · 0.83%
Cole Automotive Group LLC WV$2.6M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270881697 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.