Plan Ledger DOL Form 5500 · updated monthly

Lancaster County Motors, Inc.401(k)

LANCASTER COUNTY MOTORS, INC. SAVINGS PLAN · EAST PETERSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.63%

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

Lancaster County Motors, Inc. reported $76,069 in plan administrative expenses for 2024: 0.63% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,280 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 0.68% to 0.63%. 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 among the smaller plans on file in Pennsylvania (2,011th of 3,651), and the 2,117th of 5,215 in retail trade. In 2024, employees put in $4.28 for every $1.00 the employer contributed; active participation has shrunk from 245 to 186 since 2022.

Plan summary
Net assets, end of year$13,107,363
Participants with balances159
Active participants186
Employer contributions$238,006
Employee contributions$1,019,835
Employer contribution per active participant$1,280
Average account balance$82,436
Benefits paid to participants$559,935
Plan auditUnmodified (clean) audit opinion
AuditorTROUT CPA
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 159 accts · $238K emplr
2023$11.2M · 152 accts · $273K emplr
2022$9.0M · 163 accts · $273K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,912
Investment management$54,157
Total administrative$76,069
The Lancaster County Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,280
Median for plans this size$2,416
2024$1,280 per active participant
2023$1,938 per active participant
2022$1,113 per active participant

Lancaster County Motors, 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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$21,912
CORNERSTONE ADVISORS ASSET MANAGEME · Investment advisory (plan)$54,157

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$76,069 · 0.63%
2023$64,804 · 0.64%
2022$64,141 · 0.68%
Same employer
Similar plansRetail Trade · Pennsylvania
Peruzzi Buick Gmc, Inc. PA$13.5M · 0.72%
Martella's Pharmacies PA$13.4M · 0.52%
Woltz & Wind Ford, Inc. PA$13.0M · 0.32%
Rgh Automotive, LLC PA$12.8M · 0.29%
Sunbury Motor Company PA$12.8M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231416596 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.