Plan Ledger DOL Form 5500 · updated monthly

McKie Ford Lincoln, Inc & Affiliates401(k)

MCKIE FORD LINCOLN, INC & AFFILIATES 401(K) PLAN · RAPID CITY, SD · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

McKie Ford Lincoln, Inc & Affiliates reported $36,820 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $488 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 fell from 0.36% to 0.34%. 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 among the smaller plans on file in South Dakota (129th of 233), and the 2,443rd of 5,215 in retail trade. In 2024, employees put in $8.25 for every $1.00 the employer contributed; active participation has grown from 128 to 172 since 2022.

Plan summary
Net assets, end of year$10,993,983
Participants with balances199
Active participants172
Employer contributions$83,924
Employee contributions$692,577
Employer contribution per active participant$488
Average account balance$55,246
Benefits paid to participants$1,547,661
Plan auditUnmodified (clean) audit opinion
AuditorKETEL THORSTENSON
Plan history3
Yearassets · accounts · employer contribution
2024$11.0M · 199 accts · $84K emplr
2023$10.5M · 160 accts · $77K emplr
2022$9.0M · 155 accts · $75K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,315
Investment management$17,505
Total administrative$36,820
The McKie Ford Lincoln, Inc & Affiliates 401(k) match · 2024
Employer contribution per active participant$488
Median for plans this size$2,416
2024$488 per active participant
2023$591 per active participant
2022$587 per active participant

McKie Ford Lincoln, Inc & Affiliates'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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$19,315
WEALTH ENHANCEMENT GROUP · Investment advisory (plan)$17,505

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$36,820 · 0.34%
2023$35,111 · 0.36%
2022$36,047 · 0.36%
Same employer
Similar plansRetail Trade · South Dakota
Karl's, Inc. SD$24.2M
T Graham Companies SD$19.6M · 0.06%
Sioux Falls Ford, Inc. SD$15.8M · 0.26%
Moyle Petroleum Company SD$10.5M · 0.46%
County Fair, Inc. SD$8.5M · 0.23%
Lynn's, Inc. SD$7.5M · 0.01%
Liberty Motors, Inc. SD$7.2M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363035201 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.