Plan Ledger DOL Form 5500 · updated monthly

Jeff Schmitt Auto Group, Inc.401(k)

JEFF SCHMITT AUTO GROUP, INC. 401K PLAN · FAIRBORN, OH · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Jeff Schmitt Auto Group, Inc. reported $40,211 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $412 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 0.51%. 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 Ohio (2,145th of 3,295), and 2,933rd of 5,215 in retail trade. In 2024, employees put in $5.72 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,504,649
Participants with balances151
Active participants308
Employer contributions$126,862
Employee contributions$725,058
Employer contribution per active participant$412
Average account balance$56,322
Benefits paid to participants$478,862
Plan auditUnmodified (clean) audit opinion
AuditorBRADY WARE & SCHOENFELD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 151 accts · $127K emplr
2023$7.2M · 146 accts · $133K emplr
2022$6.4M · 130 accts · $128K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$40,211
Total administrative$40,211
The Jeff Schmitt Auto Group, Inc. 401(k) match · 2024
Employer contribution per active participant$412
Median for plans this size$1,313
2024$412 per active participant
2023$424 per active participant
2022$412 per active participant

Jeff Schmitt Auto Group, Inc.'s 2024 employer contribution ran below the $1,313 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.

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
EDWARD JONES · Investment advisory (plan)$26,389
DYNAMIC PENSION SERVICES, INC. · Contract administrator$13,298

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$40,211 · 0.51%
2023$37,413 · 0.55%
2022$33,408 · 0.50%
Same employer
Similar plansRetail Trade · Ohio
Spiraledge, Inc OH$9.0M · 0.25%
Smyth Automotive, Inc. OH$9.0M · 0.04%
McAf, LLC OH$8.8M · 0.30%
Charlie's Toledo, Inc. OH$8.1M · 0.14%
August Corso Sons Inc OH$8.1M · 0.09%
Wilson Enterprises, Inc. OH$7.9M · 0.81%
Jungle Jim's Market, Inc. OH$7.8M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 310515803 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.