Plan Ledger DOL Form 5500 · updated monthly

Karl Chevrolet, Inc.401(k)

KARL CHEVROLET, INC. 401(K) PLAN · ANKENY, IA · plan year 2024

Reported admin expense ratio · 2024
0.45%

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

Karl Chevrolet, Inc. reported $126,610 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $441 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 0.59% to 0.45%. 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 285th-largest of 878 plans among Iowa employers on file, and the 996th of 5,215 in retail trade. In 2024, employees put in $10.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$31,228,501
Participants with balances797
Active participants704
Employer contributions$310,697
Employee contributions$3,206,758
Employer contribution per active participant$441
Average account balance$39,183
Benefits paid to participants$1,783,201
Plan auditUnmodified (clean) audit opinion
AuditorWOODWARD & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$31.2M · 797 accts · $311K emplr
2023$25.6M · 759 accts · $321K emplr
2022$20.2M · 685 accts · $208K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$94,603
Investment management$32,007
Total administrative$126,610
The Karl Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$441
Median for plans this size$2,416
2024$441 per active participant
2023$469 per active participant
2022$317 per active participant

Karl Chevrolet, 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 · 20244
ADP, INC. · Loan processing · Recordkeeping$94,603
INTELLICENTS INVESTMENT SOLUTIONS I · Recordkeeping · Trustee$32,007
CHARLES SCHWAB & CO, INC. · Securities brokerage$58
ADP BROKER-DEALERindirect comp

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, INTELLICENTS INVESTMENT SOLUTIONS I
2023ADP, INTELLICENTS INVESTMENT SOLUTIONS I

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Administrative cost history3
2024$126,610 · 0.45%
2023$119,409 · 0.52%
2022$126,783 · 0.59%
Same employer
Similar plansRetail Trade · Iowa
Storey-Kenworthy Company IA$34.3M · 0.33%
Spahn & Rose Lumber Co. IA$34.3M · 0.30%
Charles Gabus Ford, Inc. IA$33.9M · 0.47%
Arnold Motor Supply, LLP IA$28.1M · 0.40%
Sioux City Truck Sales IA$23.5M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421092272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.