Plan Ledger DOL Form 5500 · updated monthly

Long Motor Corporation401(k)

LONG MOTOR CORPORATION 401(K) RETIREMENT SAVING PLAN · LENEXA, KS · plan year 2023

Reported admin expense ratio · 2023
0.54%

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

Long Motor Corporation reported $51,483 in plan administrative expenses for 2023: 0.54% of average plan assets, above the peer median. Employer contributions averaged $1,362 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 fell from 0.35% to 0.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Kansas (486th of 828), and the 2,588th of 5,215 in retail trade. In 2023, employees put in $1.32 for every $1.00 the employer contributed; active participation has grown from 180 to 207 since 2022.

Plan summary
Net assets, end of year$10,240,712
Participants with balances156
Active participants207
Employer contributions$281,855
Employee contributions$371,686
Employer contribution per active participant$1,362
Average account balance$65,646
Benefits paid to participants$870,040
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 153 accts · $294K emplr
2023$10.2M · 156 accts · $282K emplr
2022$9.0M · 149 accts · $248K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$35,628
Audit (IQPA)$15,855
Total administrative$51,483
The Long Motor Corporation 401(k) match · 2023
Employer contribution per active participant$1,362
Median for plans this size$1,308
2024$1,117 per active participant
2023$1,362 per active participant
2022$1,377 per active participant

Long Motor Corporation's 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$35,628
FORVIS, LLP · Accounting / audit$15,855

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

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

This plan has changed recordkeepers within these filings. If you left Long Motor Corporation before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$4,362 · 0.04%
2023$51,483 · 0.54%
2022$34,220 · 0.35%
Same employer
Similar plansRetail Trade · Kansas
Laird Noller Ford, Inc. KS$11.3M · 0.44%
It's Greek to Me, Inc. KS$11.2M · 0.54%
Star Transport, LLC KS$10.4M · 0.04%
Scholfield, Inc. KS$9.3M · 0.29%
Briggs Auto Group, Inc. KS$8.9M · 1.15%
Mel Hambelton Ford, Inc. KS$8.9M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480969706 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.