Plan Ledger DOL Form 5500 · updated monthly

Kendall Imports, LLC401(k)

BEAN AUTOMOTIVE GROUP 401(K) PLAN · MIAMI, FL · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Kendall Imports, LLC reported $120,211 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,290 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 0.37% to 0.56%. 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 1,017th-largest of 3,644 plans among Florida employers on file, and the 1,305th of 5,215 in retail trade. In 2024, employees put in $2.64 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,923,846
Participants with balances564
Active participants497
Employer contributions$1,138,068
Employee contributions$2,999,137
Employer contribution per active participant$2,290
Average account balance$40,645
Benefits paid to participants$4,070,456
Plan auditUnmodified (clean) audit opinion
AuditorDE LA HOZ, PEREZ & BARBEITO, PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$22.9M · 564 accts · $1.1M emplr
2023$20.0M · 759 accts · $1.1M emplr
2022$15.4M · 733 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$58,320
Investment management$61,891
Total administrative$120,211
The Kendall Imports, LLC 401(k) match · 2024
Employer contribution per active participant$2,290
Median for plans this size$2,416
2024$2,290 per active participant
2023$2,074 per active participant
2022$2,215 per active participant

Kendall Imports, LLC's 2024 employer contribution ran below the $2,416 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 · 20244
JOHN HANCOCK · Contract administrator · Recordkeeping$39,459
WELLS FARGO CLEARING SERVICES, LLC · Investment advisory (plan)$58,320
THE BENEFIT PRACTICE · Contract administrator · Consulting$19,100
WILSHIRE ASSOCIATES · Investment advisory (plan)$3,333

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

Recordkeeper by year2
2024John Hancock
2023VRIAC

This plan has changed recordkeepers within these filings. If you left Kendall Imports, 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$120,211 · 0.56%
2023$46,929 · 0.27%
2022$55,765 · 0.37%
Same employer
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Zumba Fitness, LLC FL$23.7M · 0.22%
Blue Compass Rv, LLC FL$23.4M · 0.52%
Earl W. Colvard, Inc. FL$23.2M · 0.16%
Port Consolidated, Inc. FL$22.1M · 0.42%
Al Packer,Inc. FL$21.8M · 0.04%
Meteor Education, LLC FL$21.8M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522135876 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.