Plan Ledger DOL Form 5500 · updated monthly

Joe Basil Chevrolet401(k)

JOE BASIL CHEVROLET INC. 401(K) PLAN · DEPEW, NY · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Joe Basil Chevrolet reported $64,268 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $1,663 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 1 year on file its reported administrative ratio fell from 0.44% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 2,768th-largest of 5,648 plans among New York employers on file, and the 1,722nd of 5,215 in retail trade. In 2023, employees put in $3.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,919,221
Participants with balances157
Active participants143
Employer contributions$237,816
Employee contributions$837,237
Employer contribution per active participant$1,663
Average account balance$107,766
Benefits paid to participants$1,177,171
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$16.9M · 157 accts · $238K emplr
2022$14.5M · 157 accts · $231K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$64,268
Total administrative$64,268
The Joe Basil Chevrolet 401(k) match · 2023
Employer contribution per active participant$1,663
Median for plans this size$2,440
2023$1,663 per active participant
2022$1,689 per active participant

Joe Basil Chevrolet's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20235
PPS PENSION & FINANCIAL SERVICES · Contract administrator · Plan administrator$3,327
LAWLEY RETIREMENT ADVISORS LLC · Investment advisory (plan)$19,752
GLOBAL RETIREMENT PARTNERS · Investment advisory (plan)$3,092
LASALLE ST SECURITIES LLCindirect comp

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

Administrative cost history2
2023$64,268 · 0.41%
2022$69,781 · 0.44%
Similar plansRetail Trade · New York
Lavitt Group, Inc. NY$17.5M · 0.68%
Maguire Automotive, LLC NY$17.1M · 0.33%
Davidson Chevrolet, Inc. NY$17.0M · 0.34%
Vroom Inc. NY$16.3M · 0.74%
Ro-Zap Enterprises, Inc. NY$16.3M · 0.51%
Williams Lumber Inc. NY$16.1M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161068991 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.