Plan Ledger DOL Form 5500 · updated monthly

Liberty Chevrolet, Inc.401(k)

FELDMAN AUTOMOTIVE 401(K) PLAN & TRUST · NEW HUDSON, MI · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Liberty Chevrolet, Inc. reported $120,027 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $672 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 0.07% to 0.40%. 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 729th-largest of 2,619 plans among Michigan employers on file, and the 958th of 5,215 in retail trade. In 2024, employees put in $8.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,939,038
Participants with balances937
Active participants870
Employer contributions$584,674
Employee contributions$5,184,752
Employer contribution per active participant$672
Average account balance$35,154
Benefits paid to participants$3,170,787
Plan auditUnmodified (clean) audit opinion
AuditorJANZ & KNIGHT PLC
Plan history3
Yearassets · accounts · employer contribution
2024$32.9M · 937 accts · $585K emplr
2023$26.6M · 949 accts · $614K emplr
2022$21.2M · 922 accts · $46K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,187
Investment management$42,840
Total administrative$120,027
The Liberty Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$672
Median for plans this size$2,416
2024$672 per active participant
2023$650 per active participant
2022$50 per active participant

Liberty Chevrolet, 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 · 20244
MILLIMAN, INC. · Recordkeeping · Loan processing$80,121
CAPTRUST INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$42,840
CHARLES SCHWAB BANK TRUST · Custodial (securities) · Trustee (directed)indirect comp
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)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
2024Milliman
2023Milliman

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

Administrative cost history3
2024$120,027 · 0.40%
2023$111,914 · 0.47%
2022$14,341 · 0.07%
Similar plansRetail Trade · Michigan
Wesco, Inc. MI$34.3M · 0.37%
Denooyer Brothers, Inc. MI$33.2M · 0.32%
Lowery Corporation MI$30.7M · 0.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320082440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.