Plan Ledger DOL Form 5500 · updated monthly

King Automotive Management LLC401(k)

THE KING GROUP 401(K) PLAN · DEERFIELD BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

King Automotive Management LLC reported $130,133 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $722 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 0.09% to 0.38%. 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 697th-largest of 3,644 plans among Florida employers on file, and the 875th of 5,215 in retail trade. In 2024, employees put in $9.78 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$36,310,196
Participants with balances427
Active participants354
Employer contributions$255,526
Employee contributions$2,499,503
Employer contribution per active participant$722
Average account balance$85,036
Benefits paid to participants$2,363,263
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$36.3M · 427 accts · $256K emplr
2023$32.1M · 417 accts · $267K emplr
2022$26.5M · 411 accts · $253K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,969
Investment management$57,164
Total administrative$130,133
The King Automotive Management LLC 401(k) match · 2024
Employer contribution per active participant$722
Median for plans this size$2,416
2024$722 per active participant
2023$798 per active participant
2022$762 per active participant

King Automotive Management LLC'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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$72,968
NFP RETIREMENT · Accounting / audit · Investment advisory (plan)$57,162
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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

Administrative cost history3
2024$130,133 · 0.38%
2023$96,976 · 0.33%
2022$25,210 · 0.09%
Similar plansRetail Trade · Florida
Bill Ussery Motors, Inc. FL$37.3M · 0.18%
Starboard Holdings LTD. FL$37.2M · 0.20%
Mullinax Ford FL$36.0M · 0.42%
Ldrv Holdings Corp. FL$35.9M · 0.68%
Sunset Automotive Group FL$35.7M · 0.22%
Triangle Auto Center, Inc. FL$35.5M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271608330 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.