Plan Ledger DOL Form 5500 · updated monthly

Lester Glenn Auto Group, Inc.401(k)

LESTER GLENN AUTO GROUP 401(K) PLAN · TOMS RIVER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Lester Glenn Auto Group, Inc. reported $81,182 in plan administrative expenses for 2024: 0.64% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,138 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 3 years on file its reported administrative ratio has held roughly steady near 0.64%. 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 New Jersey (1,303rd of 2,419), and the 2,038th of 5,215 in retail trade. In 2024, employees put in $7.00 for every $1.00 the employer contributed; active participation has grown from 138 to 196 since 2022.

Plan summary
Net assets, end of year$13,833,055
Participants with balances326
Active participants196
Employer contributions$223,033
Employee contributions$1,561,636
Employer contribution per active participant$1,138
Average account balance$42,433
Benefits paid to participants$1,012,757
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.8M · 326 accts · $223K emplr
2023$11.5M · 308 accts · $232K emplr
2022$9.4M · 321 accts · $237K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,182
Total administrative$81,182
The Lester Glenn Auto Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,138
Median for plans this size$2,416
2024$1,138 per active participant
2023$1,310 per active participant
2022$1,716 per active participant

Lester Glenn Auto 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 · 20243
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$43,025
ADP, INC. · Loan processing · Recordkeeping$38,155
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$81,182 · 0.64%
2023$70,427 · 0.67%
2022$58,495 · 0.61%
Same employer
Similar plansRetail Trade · New Jersey
Pierre Fabre USA NJ$15.2M · 0.42%
Ekornes Inc. NJ$14.5M · 0.04%
Bell Motor Cars, Inc. NJ$14.0M · 0.33%
Blindsto Go US Inc. NJ$12.9M · 0.63%
Muller Automotive, Inc. NJ$12.6M · 0.44%
South Jersey Glass Co, Inc. NJ$12.6M · 0.56%
Blue Ridge Lumber Co NJ$12.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 210685332 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.