Plan Ledger DOL Form 5500 · updated monthly

Jim Coleman Toyota, Inc.401(k)

COLEMAN AUTO GROUP 401(K) PROFIT SHARING PLAN · BETHESDA, MD · plan year 2023

Reported admin expense ratio · 2023
0.62%

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

Jim Coleman Toyota, Inc. reported $60,420 in plan administrative expenses for 2023: 0.62% of average plan assets, above the peer median. Employer contributions averaged $192 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 fell from 0.70% to 0.60%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Maryland (989th of 1,671), and 2,612th of 5,215 in retail trade. In 2023, employees put in $11.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,088,481
Participants with balances189
Active participants261
Employer contributions$50,000
Employee contributions$555,963
Employer contribution per active participant$192
Average account balance$53,378
Benefits paid to participants$1,156,869
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH+BROWN, PC
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 182 accts · $51K emplr
2023$10.1M · 189 accts · $50K emplr
2022$9.5M · 186 accts · $50K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$57,620
Total administrative$60,420
The Jim Coleman Toyota, Inc. 401(k) match · 2023
Employer contribution per active participant$192
Median for plans this size$1,308
2024$205 per active participant
2023$192 per active participant
2022$208 per active participant

Jim Coleman Toyota, Inc.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK USA · Recordkeeping · Investment management$6

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$56,142 · 0.60%
2023$60,420 · 0.62%
2022$66,382 · 0.70%
Similar plansRetail Trade · Maryland
Mattress Warehouse LLC MD$12.2M · 0.10%
Bray & Scarff, Inc. MD$11.0M · 0.33%
The Frederick Motor Company MD$10.9M · 0.60%
Finch Turf Inc. MD$9.4M · 0.42%
Preston Ford, Inc. MD$8.9M · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521641356 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.