Plan Ledger DOL Form 5500 · updated monthly

M&M Luxury Automotive, LLC401(k)

MEADE LEXUS 401K PLAN AND TRUST · UTICA, MI · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

M&M Luxury Automotive, LLC reported $47,883 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $854 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 0.555%. 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 Michigan (1,589th of 2,619), and 2,793rd of 5,215 in retail trade. In 2024, employees put in $5.05 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,252,081
Participants with balances112
Active participants119
Employer contributions$101,615
Employee contributions$512,955
Employer contribution per active participant$854
Average account balance$82,608
Benefits paid to participants$588,805
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 112 accts · $102K emplr
2023$8.0M · 113 accts · $99K emplr
2022$7.8M · 128 accts · $81K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,782
Investment management$29,101
Total administrative$47,883
The M&M Luxury Automotive, LLC 401(k) match · 2024
Employer contribution per active participant$854
Median for plans this size$1,313
2024$854 per active participant
2023$922 per active participant
2022$662 per active participant

M&M Luxury Automotive, LLC's 2024 employer contribution ran below 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 · 20242
NEWPORT GROUP, INC. · Recordkeeping · Consulting$18,782
GREGORY J. SCHWARTZ & CO., INC. · Investment advisory (plan)$29,101

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

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

Administrative cost history3
2024$47,883 · 0.55%
2023$45,052 · 0.57%
2022$47,704 · 0.55%
Same employer
Similar plansRetail Trade · Michigan
Whisker Holdings, Inc. MI$9.6M · 0.35%
Westborn, Inc. MI$9.6M · 0.67%
Rowerdink, Inc. MI$9.2M · 0.02%
Labadie Auto Company MI$8.6M · 0.75%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472678409 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.