Plan Ledger DOL Form 5500 · updated monthly

Hub City Ford, Inc.401(k)

HUB CITY FORD, INC. EMPLOYEES RETIREMENT PLAN · LAFAYETTE, LA · plan year 2024

Employer contribution per participant · 2024
$1,205

Hub City Ford, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $13,271,987 across 153 participant accounts, with employer contributions averaging $1,205 per active participant. See methodology for what Form 5500 does and doesn't capture.

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 357th-largest of 884 plans among Louisiana employers on file, and the 2,096th of 5,215 in retail trade. In 2024, employees put in $2.37 for every $1.00 the employer contributed; active participation has grown from 130 to 163 since 2022.

Plan summary
Net assets, end of year$13,271,987
Participants with balances153
Active participants163
Employer contributions$196,493
Employee contributions$465,934
Employer contribution per active participant$1,205
Average account balance$86,745
Benefits paid to participants$460,458
Plan auditUnmodified (clean) audit opinion
AuditorTHIBODAUX, HEBERT, DESHOTELS, LEBL
Plan history3
Yearassets · accounts · employer contribution
2024$13.3M · 153 accts · $196K emplr
2023$12.5M · 162 accts · $187K emplr
2022$11.9M · 152 accts · $173K emplr
The Hub City Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$1,205
Median for plans this size$2,416
2024$1,205 per active participant
2023$1,039 per active participant
2022$1,330 per active participant

Hub City Ford, Inc.'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.

Administrative cost history3
2024Not separately reported
2023Not separately reported
2022$319 · 0.00%
Same employer
Similar plansRetail Trade · Louisiana
Bensco of Louisiana, LLC LA$14.9M · 0.22%
Banner of N.O., L.L.C. LA$14.0M · 0.63%
David Y. Martin Jr., LLC LA$13.1M · 0.27%
Service Tool Co., LLC LA$12.1M · 1.24%
Lee Michaels Jewelers, LLC LA$11.8M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720374694 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.