Plan Ledger DOL Form 5500 · updated monthly

Marhofer Chevrolet Inc.401(k)

RON MARHOFER CHEVROLET, INC. AMENDED AND RESTATED 401(K) PROFIT SHARING PLAN · STOW, OH · plan year 2024

Reported admin expense ratio · 2024
1.30%

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

Marhofer Chevrolet Inc. reported $112,767 in plan administrative expenses for 2024: 1.30% of average plan assets, higher than ~90% of peers. Employer contributions averaged $529 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 0.94% to 1.30%. 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 Ohio (2,079th of 3,295), and 2,829th of 5,215 in retail trade. In 2024, employees put in $5.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,044,161
Participants with balances377
Active participants292
Employer contributions$154,387
Employee contributions$916,449
Employer contribution per active participant$529
Average account balance$23,990
Benefits paid to participants$1,504,825
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.0M · 377 accts · $154K emplr
2023$8.4M · 319 accts · $164K emplr
2022$6.9M · 366 accts · $183K emplr
Administrative expenses, itemized · 2024
Investment management$112,767
Total administrative$112,767
The Marhofer Chevrolet Inc. 401(k) match · 2024
Employer contribution per active participant$529
Median for plans this size$1,313
2024$529 per active participant
2023$595 per active participant
2022$639 per active participant

Marhofer Chevrolet 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 · 20241
ALERUS FINANCIAL, N.A. · Recordkeeping · Loan processing$135

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

Recordkeeper by year2
2024Alerus
2023FLEXIBLE BENEFITS SYSTEMS, INC.

This plan has changed recordkeepers within these filings. If you left Marhofer Chevrolet Inc. 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$112,767 · 1.30%
2023$84,011 · 1.10%
2022$66,631 · 0.94%
Same employer
Similar plansRetail Trade · Ohio
Oki Furniture Fair LLC OH$9.2M · 0.62%
Beau Townsend Ford, Inc. OH$9.2M · 0.45%
Redline Equipment Co. OH$9.1M · 0.70%
Spiraledge, Inc OH$9.0M · 0.25%
Smyth Automotive, Inc. OH$9.0M · 0.04%
McAf, LLC OH$8.8M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341159646 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.