Plan Ledger DOL Form 5500 · updated monthly

Mauer Chevrolet401(k)

MAUER CHEVROLET 401(K) PROFIT SHARING PLAN AND TRUST · INVER GROVE HEIGHTS, MN · plan year 2024

Reported admin expense ratio · 2024
1.40%

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

Mauer Chevrolet reported $81,323 in plan administrative expenses for 2024: 1.40% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,652 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 1.40%. 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 Minnesota (1,492nd of 1,918), and 3,440th of 5,215 in retail trade. In 2024, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,220,206
Participants with balances122
Active participants150
Employer contributions$247,735
Employee contributions$500,853
Employer contribution per active participant$1,652
Average account balance$50,985
Benefits paid to participants$584,128
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 122 accts · $248K emplr
2023$5.4M · 125 accts · $297K emplr
2022$4.1M · 130 accts · $296K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$81,323
Total administrative$81,323
The Mauer Chevrolet 401(k) match · 2024
Employer contribution per active participant$1,652
Median for plans this size$1,313
2024$1,652 per active participant
2023$2,060 per active participant
2022$1,963 per active participant

Mauer Chevrolet's 2024 employer contribution ran above 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
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$77,348
TAX SHELTERED COMPENSATION, INC. · Recordkeeping · Loan processing$4,000

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

Recordkeeper by year2
2024TAX SHELTERED COMPENSATION, INC., Transamerica
2023TAX SHELTERED COMPENSATION, INC., Transamerica

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

Administrative cost history3
2024$81,323 · 1.40%
2023$64,965 · 1.37%
2022$57,008 · 1.35%
Same employer
Similar plansRetail Trade · Minnesota
Lakewinds Natural Foods MN$7.6M · 0.50%
Leeann Chin, Inc. MN$7.2M · 0.13%
Barrett AG Service, Inc. MN$6.4M · 0.67%
Carlson Toyota MN$6.2M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264600879 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.