Plan Ledger DOL Form 5500 · updated monthly

Mike Castrucci Chevrolet Sales,401(k)

MIKE CASTRUCCI AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN · MILFORD, OH · plan year 2024

Reported admin expense ratio · 2024
0.28%

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

Mike Castrucci Chevrolet Sales, reported $33,335 in plan administrative expenses for 2024: 0.28% of average plan assets, below the peer median. Employer contributions averaged $132 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 0.50% to 0.28%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (1,752nd of 3,295), and the 1,416th of 3,341 in other services. In 2024, employees put in $31.10 for every $1.00 the employer contributed; active participation has grown from 287 to 322 since 2022.

Plan summary
Net assets, end of year$12,878,515
Participants with balances191
Active participants322
Employer contributions$42,637
Employee contributions$1,326,104
Employer contribution per active participant$132
Average account balance$67,427
Benefits paid to participants$511,404
Plan auditUnmodified (clean) audit opinion
AuditorBARNES DENNIG & CO. LTD
Plan history3
Yearassets · accounts · employer contribution
2024$12.9M · 191 accts · $43K emplr
2023$10.8M · 187 accts · $57K emplr
2022$9.1M · 215 accts · $38K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$33,335
Total administrative$33,335
The Mike Castrucci Chevrolet Sales, 401(k) match · 2024
Employer contribution per active participant$132
Median for plans this size$2,416
2024$132 per active participant
2023$175 per active participant
2022$132 per active participant

Mike Castrucci Chevrolet Sales,'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 · 20241
ADP, INC. · Loan processing · Recordkeeping$33,335

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$33,335 · 0.28%
2023$39,368 · 0.40%
2022$45,442 · 0.50%
Similar plansOther Services · Ohio
Company Wrench, LTD OH$14.8M · 0.28%
Charles Penzone, Inc. OH$14.6M · 0.49%
The Hannon Company OH$12.5M · 0.41%
Mike's Carwash, Inc. OH$11.8M · 0.97%
Dover Hydraulics, Inc. OH$11.7M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311558874 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.