Plan Ledger DOL Form 5500 · updated monthly

King Management Support Services, LLC401(k)

KING AUTOMOTIVE GROUP 401(K) PLAN · GAITHERSBURG, MD · plan year 2023

Reported admin expense ratio · 2023
0.31%

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

King Management Support Services, LLC reported $56,442 in plan administrative expenses for 2023: 0.31% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.22% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 678th-largest of 1,671 plans among Maryland employers on file, and the 1,542nd of 5,215 in retail trade.

Plan summary
Net assets, end of year$18,926,569
Participants with balances261
Active participants175
Employer contributions$0
Employee contributions$516,795
Employer contribution per active participant$0
Average account balance$72,516
Benefits paid to participants$1,809,110
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$16.9M · 241 accts
2023$18.9M · 261 accts
2022$17.9M · 265 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$56,442
Total administrative$56,442
The King Management Support Services, LLC 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$2,440

King Management Support Services, LLC's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
UNITED BANK · Investment advisory (plan)$39,989

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$89,321 · 0.50%
2023$56,442 · 0.31%
2022$37,340 · 0.22%
Same employer
Similar plansRetail Trade · Maryland
Price Modern, LLC MD$20.8M · 0.56%
Mars Holdings, LLC MD$20.7M · 0.20%
Rrr, LLC MD$19.1M · 0.67%
Pella Mid-Atlantic Inc. MD$19.1M · 0.44%
Tcps, Inc. MD$17.9M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522281236 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.