Plan Ledger DOL Form 5500 · updated monthly

Liberty Motors, Inc.401(k)

LIBERTY MOTORS, INC. 401(K) PLAN · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.73%

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

Liberty Motors, Inc. reported $48,657 in plan administrative expenses for 2024: 0.73% of average plan assets, above the peer median. Employer contributions averaged $2,165 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 0.73%. 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 South Dakota (164th of 233), and 3,233rd of 5,215 in retail trade. In 2024, employees put in $1.82 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,162,684
Participants with balances83
Active participants123
Employer contributions$266,313
Employee contributions$484,133
Employer contribution per active participant$2,165
Average account balance$86,297
Benefits paid to participants$572,223
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.2M · 83 accts · $266K emplr
2023$6.1M · 102 accts · $277K emplr
2022$4.7M · 107 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$23,638
Investment management$1,894
Total administrative$48,657
The Liberty Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$2,165
Median for plans this size$1,313
2024$2,165 per active participant
2023$2,497 per active participant
2022$2,277 per active participant

Liberty Motors, Inc.'s 2024 employer contribution ran above 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 · 20243
FIRST INTERSTATE WEALTH MANAGEMENT$23,125
EMPOWER ADVISORY GROUP, LLC · Investment management$1,894

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$48,657 · 0.73%
2023$39,721 · 0.73%
2022$36,661 · 0.76%
Similar plansRetail Trade · South Dakota
Moyle Petroleum Company SD$10.5M · 0.46%
County Fair, Inc. SD$8.5M · 0.23%
Lynn's, Inc. SD$7.5M · 0.01%
Ana-Fam, Inc. SD$6.3M · 0.39%
Push Pedal Pull, Inc. SD$5.6M · 0.45%
Kesslers, Inc. SD$5.1M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460277279 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.