Plan Ledger DOL Form 5500 · updated monthly

Jim Keras Buick Co., Inc.401(k)

JIM KERAS 401(K) PROFIT SHARING PLAN · MEMPHIS, TN · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Jim Keras Buick Co., Inc. reported $31,765 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $113 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 0.44% to 0.25%. 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 713th-largest of 1,496 plans among Tennessee employers on file, and the 2,029th of 5,215 in retail trade. In 2024, employees put in $36.18 for every $1.00 the employer contributed; active participation has grown from 340 to 474 since 2022.

Plan summary
Net assets, end of year$13,913,266
Participants with balances530
Active participants474
Employer contributions$53,599
Employee contributions$1,938,958
Employer contribution per active participant$113
Average account balance$26,251
Benefits paid to participants$1,437,870
Plan auditUnmodified (clean) audit opinion
AuditorWEST & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 530 accts · $54K emplr
2023$11.9M · 501 accts · $54K emplr
2022$9.5M · 369 accts · $45K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$645
Investment management$31,120
Total administrative$31,765
The Jim Keras Buick Co., Inc. 401(k) match · 2024
Employer contribution per active participant$113
Median for plans this size$2,416
2024$113 per active participant
2023$107 per active participant
2022$134 per active participant

Jim Keras Buick Co., 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.

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
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$31,120

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$31,765 · 0.25%
2023$46,006 · 0.43%
2022$42,880 · 0.44%
Same employer
Similar plansRetail Trade · Tennessee
Gossett Motor Cars, Inc. TN$14.9M · 0.67%
Easy Auto, Inc. TN$14.6M · 0.22%
Top Rx, LLC TN$14.4M · 0.49%
Ritchey Management II, LLC TN$14.1M · 0.54%
4PATRIOTS LLC TN$13.5M · 0.01%
Furrow Auction Company TN$12.7M · 0.68%
Jenkins & Wynne, Inc. TN$12.0M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620989460 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.