Plan Ledger DOL Form 5500 · updated monthly

McCarthy Tire Service Company401(k)

MCCARTHY TIRE SERVICE COMPANY 401(K) PROFIT SHARING PLAN · WILKES BARRE, PA · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

McCarthy Tire Service Company reported $251,048 in plan administrative expenses for 2024: 0.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $975 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 0.63% to 0.69%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 986th-largest of 3,651 plans among Pennsylvania employers on file, and the 828th of 5,215 in retail trade. In 2024, employees put in $2.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$38,296,543
Participants with balances1,333
Active participants1,267
Employer contributions$1,235,885
Employee contributions$3,146,216
Employer contribution per active participant$975
Average account balance$28,730
Benefits paid to participants$5,865,818
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$38.3M · 1,333 accts · $1.2M emplr
2023$34.3M · 1,333 accts · $1.1M emplr
2022$26.8M · 1,187 accts · $949K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$100,622
Investment management$141,510
Total administrative$251,048
The McCarthy Tire Service Company 401(k) match · 2024
Employer contribution per active participant$975
Median for plans this size$2,416
2024$975 per active participant
2023$853 per active participant
2022$791 per active participant

McCarthy Tire Service Company's 2024 employer contribution ran below the $2,416 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
BENEFIT PLANS ADMIN SERVICES, INC. · Recordkeeping · Loan processing$183,305
JACOBI CAPITAL MANAGEMENT, LLC · Investment advisory (plan) · Investment management$67,743

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

Recordkeeper by year2
2024BENEFIT PLANS ADMIN SERVICES, INC.
2023BENEFIT PLANS ADMIN SERVICES, INC.

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Administrative cost history3
2024$251,048 · 0.69%
2023$203,107 · 0.67%
2022$173,736 · 0.63%
Same employer
Similar plansRetail Trade · Pennsylvania
Thompson Motor Group, Inc. PA$57.2M · 0.33%
Diamond Drugs, Inc. PA$47.4M · 0.01%
Pentech Holdings Inc. PA$44.4M · 0.21%
Everfast, Inc. PA$39.3M · 0.28%
Autobody Products, Inc. PA$37.0M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 240780800 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.