Plan Ledger DOL Form 5500 · updated monthly

John Hiester Chevrolet, LLC401(k)

HIESTER AUTOMOTIVE GROUP 401(K) PLAN · FUQUAY-VARINA, NC · plan year 2024

Reported admin expense ratio · 2024
0.59%

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

John Hiester Chevrolet, LLC reported $37,274 in plan administrative expenses for 2024: 0.59% of average plan assets, above the peer median. Employer contributions averaged $540 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 0.91% to 0.59%. 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 North Carolina (1,311th of 2,005), and 3,288th of 5,215 in retail trade. In 2024, employees put in $6.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,816,587
Participants with balances249
Active participants251
Employer contributions$135,537
Employee contributions$923,898
Employer contribution per active participant$540
Average account balance$27,376
Benefits paid to participants$774,891
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.8M · 249 accts · $136K emplr
2023$5.7M · 233 accts · $210K emplr
2022$4.3M · 311 accts · $198K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,274
Total administrative$37,274
The John Hiester Chevrolet, LLC 401(k) match · 2024
Employer contribution per active participant$540
Median for plans this size$1,313
2024$540 per active participant
2023$935 per active participant
2022$810 per active participant

John Hiester Chevrolet, LLC'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$37,273

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

Recordkeeper by year2
2024ADP
2023Ascensus

This plan has changed recordkeepers within these filings. If you left John Hiester Chevrolet, LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$37,274 · 0.59%
2023$51,842 · 1.03%
2022$39,846 · 0.91%
Similar plansRetail Trade · North Carolina
Schiffman's Inc. NC$8.7M · 0.25%
Wom South Investors, Inc NC$8.1M · 0.49%
Sanders Ford, Inc. NC$6.6M · 0.72%
Pmg Carolinas, LLC NC$6.6M · 0.66%
Foss Auto Recycling, Inc. NC$6.2M · 0.80%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 202004578 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.