Plan Ledger DOL Form 5500 · updated monthly

Midway Motors Supercenter, Inc.401(k)

MIDWAY MOTORS SUPERCENTER, INC. 401(K) RETIREMENT PLAN · MCPHERSON, KS · plan year 2024

Reported admin expense ratio · 2024
0.57%

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

Midway Motors Supercenter, Inc. reported $90,511 in plan administrative expenses for 2024: 0.57% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,482 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 0.41% to 0.57%. 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 340th-largest of 828 plans among Kansas employers on file, and the 1,708th of 5,215 in retail trade. In 2024, employees put in $1.76 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$17,089,671
Participants with balances223
Active participants188
Employer contributions$466,634
Employee contributions$822,055
Employer contribution per active participant$2,482
Average account balance$76,635
Benefits paid to participants$1,028,170
Plan auditUnmodified (clean) audit opinion
AuditorADAMSBROWN, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$17.1M · 223 accts · $467K emplr
2023$14.9M · 222 accts · $451K emplr
2022$12.0M · 208 accts · $442K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$90,511
Total administrative$90,511
The Midway Motors Supercenter, Inc. 401(k) match · 2024
Employer contribution per active participant$2,482
Median for plans this size$2,416
2024$2,482 per active participant
2023$2,291 per active participant
2022$2,511 per active participant

Midway Motors Supercenter, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20244
OFG FINANCIAL SERVICES INC$47,062
EMPOWER ADVISORY GROUP, LLC · Investment management$21,002
ECONOMIC GROUP PENSION SERVICES · Contract administrator$9,510

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$90,511 · 0.57%
2023$68,763 · 0.51%
2022$52,068 · 0.41%
Same employer
Similar plansRetail Trade · Kansas
McCray Lumber Company KS$22.8M · 0.41%
Peruvian Connection, LLC KS$19.2M · 0.09%
Olathe Ford Sales, Inc. KS$17.3M · 0.37%
Purple Wave, Inc. KS$16.7M · 0.04%
Auburn Pharmacies, Inc. KS$15.6M · 0.35%
Hatchett Corporate LLC KS$12.6M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205232780 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.