Plan Ledger DOL Form 5500 · updated monthly

Johnson Automotive401(k)

JOHNSON AUTOMOTIVE 401(K) PLAN · MYRTLE BEACH, SC · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Johnson Automotive reported $59,695 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $661 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 rose from 0.23% to 0.67%. 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 South Carolina (433rd of 807), and 2,729th of 5,215 in retail trade. In 2024, employees put in $2.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,503,170
Participants with balances176
Active participants487
Employer contributions$322,058
Employee contributions$916,839
Employer contribution per active participant$661
Average account balance$53,995
Benefits paid to participants$845,724
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.5M · 176 accts · $322K emplr
2023$8.4M · 192 accts · $363K emplr
2022$7.5M · 174 accts · $281K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$59,695
Total administrative$59,695
The Johnson Automotive 401(k) match · 2024
Employer contribution per active participant$661
Median for plans this size$1,313
2024$661 per active participant
2023$700 per active participant
2022$605 per active participant

Johnson Automotive's 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20245
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$31,732
MY BENEFITS, LLC · Recordkeeping · Loan processing$4,819
FIRST PARTY ADMINISTRATOR LLC · Recordkeeping · Loan processing$1,130
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$21,654
CLIFTON LARSON ALLEN LLP · Accounting / audit$6,195

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

Recordkeeper by year2
2024FIRST PARTY ADMINISTRATOR LLC, MY BENEFITS, LLC, Transamerica
2023MY BENEFITS, LLC, Transamerica

This plan has changed recordkeepers within these filings. If you left Johnson Automotive 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$59,695 · 0.67%
2023$35,853 · 0.45%
2022$17,096 · 0.23%
Similar plansRetail Trade · South Carolina
Hamricks, Inc. SC$11.2M · 0.26%
Fairway Ford, Inc. SC$9.9M · 0.60%
McHugh Pharmacy Group Inc SC$8.9M · 0.65%
Love Auto Group SC$8.8M · 0.94%
Soc LLC SC$8.5M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 010650111 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.