Plan Ledger DOL Form 5500 · updated monthly

Malloy Lincoln Mercury, Inc.401(k)

MALLOY 401(K) PLAN · ALEXANDRA, VA · plan year 2024

Reported admin expense ratio · 2024
1.18%

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

Malloy Lincoln Mercury, Inc. reported $71,895 in plan administrative expenses for 2024: 1.18% of average plan assets, higher than ~75% of peers. Employer contributions averaged $322 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 rose from 1.06% to 1.18%. 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 Virginia (1,708th of 2,266), and 3,385th of 5,215 in retail trade. In 2024, employees put in $6.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,450,863
Participants with balances121
Active participants289
Employer contributions$93,056
Employee contributions$580,629
Employer contribution per active participant$322
Average account balance$53,313
Benefits paid to participants$729,799
Plan auditUnmodified (clean) audit opinion
AuditorCOUNCILOR, BUCHANAN & MITCHELL, PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.5M · 121 accts · $93K emplr
2023$5.8M · 132 accts · $111K emplr
2022$4.5M · 136 accts · $114K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,613
Investment management$6,113
Total administrative$71,895
The Malloy Lincoln Mercury, Inc. 401(k) match · 2024
Employer contribution per active participant$322
Median for plans this size$1,313
2024$322 per active participant
2023$382 per active participant
2022$373 per active participant

Malloy Lincoln Mercury, Inc.'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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$56,612
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$15,275

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$71,895 · 1.18%
2023$56,853 · 1.11%
2022$48,067 · 1.06%
Similar plansRetail Trade · Virginia
Suttle Motor Corporation VA$6.5M · 0.42%
Sabmd LLC VA$6.3M · 0.28%
The Lester Group, Inc. VA$6.0M · 0.50%
Asgard Automotive, Inc. VA$5.5M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541619073 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.