Plan Ledger DOL Form 5500 · updated monthly

Hollingsworth Richards Automotive Group401(k)

HOLLINGSWORTH RICHARDS AUTOMOTIVE GROUP 401(K) PLAN · BATON ROUGE, LA · plan year 2024

Reported admin expense ratio · 2024
0.88%

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

Hollingsworth Richards Automotive Group reported $82,855 in plan administrative expenses for 2024: 0.88% of average plan assets, higher than ~75% of peers. Employer contributions averaged $781 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 0.88%. 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 the 434th-largest of 884 plans among Louisiana employers on file, and 2,636th of 5,215 in retail trade. In 2024, employees put in $6.37 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,938,077
Participants with balances199
Active participants171
Employer contributions$133,509
Employee contributions$849,890
Employer contribution per active participant$781
Average account balance$49,940
Benefits paid to participants$1,167,350
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 199 accts · $134K emplr
2023$8.8M · 200 accts · $146K emplr
2022$6.8M · 205 accts · $144K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,855
Total administrative$82,855
The Hollingsworth Richards Automotive Group 401(k) match · 2024
Employer contribution per active participant$781
Median for plans this size$1,313
2024$781 per active participant
2023$861 per active participant
2022$833 per active participant

Hollingsworth Richards Automotive Group'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 · 20242
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$46,270
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$36,586

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$82,855 · 0.88%
2023$65,270 · 0.84%
2022$67,305 · 0.86%
Similar plansRetail Trade · Louisiana
Central Boat Rentals, Inc. LA$10.7M · 0.03%
Justiss Oil Company, Inc. LA$10.5M · 0.36%
Red River Motor Company LA$9.5M · 0.09%
Dixie Motors LLC LA$9.5M · 0.09%
Holmes Motors, LLC. LA$9.4M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720704092 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.