Plan Ledger DOL Form 5500 · updated monthly

Lee Motor Group Inc.401(k)

LEE MOTOR GROUP INC. EMPLOYEES' 401(K) PLAN · WILSON, NC · plan year 2024

Reported admin expense ratio · 2024
0.12%

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

Lee Motor Group Inc. reported $17,675 in plan administrative expenses for 2024: 0.12% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,143 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 0.13% to 0.12%. 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 839th-largest of 2,005 plans among North Carolina employers on file, and the 1,796th of 5,215 in retail trade. In 2024, employees put in $3.42 for every $1.00 the employer contributed; active participation has grown from 235 to 307 since 2022.

Plan summary
Net assets, end of year$16,160,900
Participants with balances258
Active participants307
Employer contributions$350,865
Employee contributions$1,198,862
Employer contribution per active participant$1,143
Average account balance$62,639
Benefits paid to participants$1,697,782
Plan auditUnmodified (clean) audit opinion
AuditorANTHONY, TABB, & CREEL PA
Plan history3
Yearassets · accounts · employer contribution
2024$16.2M · 258 accts · $351K emplr
2023$14.2M · 234 accts · $332K emplr
2022$11.2M · 218 accts · $306K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,925
Total administrative$17,675
The Lee Motor Group Inc. 401(k) match · 2024
Employer contribution per active participant$1,143
Median for plans this size$2,416
2024$1,143 per active participant
2023$1,230 per active participant
2022$1,302 per active participant

Lee Motor Group 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
LEE AUTOMATIVE MANAGEMENT, INC.$10,750
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$6,925

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$17,675 · 0.12%
2023$15,416 · 0.12%
2022$16,013 · 0.13%
Same employer
Similar plansRetail Trade · North Carolina
Blue Acorn Ici, Inc. NC$17.1M · 0.50%
Transource, Inc. NC$15.2M · 0.00%
Aeroflow Healthcare, Inc. NC$14.6M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 566282662 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.