Plan Ledger DOL Form 5500 · updated monthly

Liberty Auto City, Inc.401(k)

LIBERTY AUTO CITY, INC. PROFIT SHARING AND 401(K) PLAN · LIBERTYVILLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.89%

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

Liberty Auto City, Inc. reported $51,215 in plan administrative expenses for 2024: 0.89% of average plan assets, higher than ~75% of peers. Employer contributions averaged $877 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 0.89%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Illinois (2,837th of 3,702), and 3,507th of 5,215 in retail trade. In 2024, employees put in $5.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,958,727
Participants with balances134
Active participants121
Employer contributions$106,077
Employee contributions$560,766
Employer contribution per active participant$877
Average account balance$44,468
Benefits paid to participants$820,362
Plan auditDisclaimer of opinion
AuditorKOLNICKI PETERSON WIRTH LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 134 accts · $106K emplr
2023$5.5M · 136 accts · $156K emplr
2022$4.7M · 131 accts · $160K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,969
Investment management$24,246
Total administrative$51,215
The Liberty Auto City, Inc. 401(k) match · 2024
Employer contribution per active participant$877
Median for plans this size$1,313
2024$877 per active participant
2023$1,378 per active participant
2022$1,426 per active participant

Liberty Auto City, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$3,692
LPL FINANCIAL LLC · 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.

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$51,215 · 0.89%
2023$46,986 · 0.92%
2022$46,249 · 0.91%
Similar plansRetail Trade · Illinois
Autobarn Motors, LTD. IL$6.1M · 0.90%
Sherman's Place, Inc. IL$6.0M · 1.20%
Alliance Hearing, Inc. IL$6.0M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362552178 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.