What are the fees in the Lion Management, Inc. dba Esserm 401(k) plan?

For plan year 2022, Lion Management, Inc. dba Esserm reported $15,429 in plan administrative expenses, or 0.39% of average plan assets — below the peer median. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Lion Management, Inc. dba Esserm 401(k)?

The average participant account balance was $31,914 for plan year 2022, based on 55 accounts.

Lion Management, Inc. dba Esserm401(k)

Name: Lion Management, Inc. dba Esserm 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

ESSERMAN AUTOMOTIVE GROUP 401(K) PLAN · DORAL, FL · plan year 2022

Reported admin expense ratio · 2022

0.39%

Lion Management, Inc. dba Esserm reported $15,429 in plan administrative expenses for 2022: 0.39% of average plan assets, below the peer median. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Florida (3,169th of 3,644), and 4,737th of 5,215 in retail trade.

Plan summary
Net assets, end of year$1,755,282
Participants with balances55
Active participants2
Employer contributions—
Employee contributions$281,022
Employer contribution per active participant—
Average account balance$31,914
Benefits paid to participants$3,557,292
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA, P.C.

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$15,429 · 0.39%

Similar plansRetail Trade · Florida
Shoot Straight Warehouse, Inc. FL$2.0M · 0.71%
Gus Machado Ford, Inc. FL$2.0M · 1.04%
Clermont Motor Sales LLC FL$2.0M · 0.24%
Sftf Holdings, Inc. FL$2.0M · 2.32%
Smart Financial Holdings LLC FL$1.7M · 1.70%
Florida Coast Equipment, Inc. FL$1.6M · 1.28%
Dodge City, Inc. FL$1.5M · 0.81%
Murray Ford Mercury FL$1.4M · 0.21%

Why are you looking at this plan?

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Source: U.S. Department of Labor, Form 5500 series, EIN 650187295 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.