Plan Ledger DOL Form 5500 · updated monthly

Love Auto Group401(k)

LOVE AUTO GROUP 401(K) PLAN · COLUMBIA, SC · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

Love Auto Group reported $78,423 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $626 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 0.94%. 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 Carolina (451st of 807), and 2,883rd of 5,215 in retail trade. In 2024, employees put in $7.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,752,648
Participants with balances118
Active participants142
Employer contributions$88,894
Employee contributions$710,223
Employer contribution per active participant$626
Average account balance$74,175
Benefits paid to participants$703,471
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.8M · 118 accts · $89K emplr
2023$7.9M · 119 accts · $79K emplr
2022$7.5M · 118 accts · $91K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$71,923
Audit (IQPA)$6,500
Total administrative$78,423
The Love Auto Group 401(k) match · 2024
Employer contribution per active participant$626
Median for plans this size$1,313
2024$626 per active participant
2023$577 per active participant
2022$652 per active participant

Love Auto Group's 2024 employer contribution ran below the $1,313 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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$51,262
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$20,661
COULTER & JUSTUS PC · Accounting / audit$6,500

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024$78,423 · 0.94%
2023$75,760 · 0.98%
2022$73,543 · 0.90%
Same employer
Similar plansRetail Trade · South Carolina
Fairway Ford, Inc. SC$9.9M · 0.60%
Johnson Automotive SC$9.5M · 0.67%
McHugh Pharmacy Group Inc SC$8.9M · 0.65%
Soc LLC SC$8.5M · 0.77%
The Parrott Group, Inc. SC$8.1M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570145046 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.