Plan Ledger DOL Form 5500 · updated monthly

Holiday Auto401(k)

MIKE SHANNON AUTOMOTIVE INC. SALARY DEFERRAL 401(K) PROFIT SHARING PLAN · FOND DU LAC, WI · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Holiday Auto reported $87,786 in plan administrative expenses for 2024: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,353 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 0.46%. 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 854th-largest of 1,936 plans among Wisconsin employers on file, and the 1,436th of 5,215 in retail trade. In 2024, employees put in $4.30 for every $1.00 the employer contributed; active participation has grown from 206 to 245 since 2022.

Plan summary
Net assets, end of year$20,290,909
Participants with balances345
Active participants245
Employer contributions$331,392
Employee contributions$1,425,530
Employer contribution per active participant$1,353
Average account balance$58,814
Benefits paid to participants$1,722,936
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.3M · 345 accts · $331K emplr
2023$17.6M · 300 accts · $192K emplr
2022$14.9M · 279 accts · $180K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$87,786
Total administrative$87,786
The Holiday Auto 401(k) match · 2024
Employer contribution per active participant$1,353
Median for plans this size$2,416
2024$1,353 per active participant
2023$832 per active participant
2022$872 per active participant

Holiday Auto's 2024 employer contribution ran below 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.

Service providers · 20242
NYHART · Recordkeeping · Loan processing$46,909
NATIONAL EXCHANGE BANK AND TRUST · Trustee$40,136

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

Recordkeeper by year2
2024NYHART
2023NYHART

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

Administrative cost history3
2024$87,786 · 0.46%
2023$74,095 · 0.46%
2022$74,616 · 0.45%
Same employer
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%
Gross Motors, Inc. WI$20.5M · 0.03%
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 390789560 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.