Plan Ledger DOL Form 5500 · updated monthly

Mike Shaw Management, Inc.401(k)

MIKE SHAW AUTOMOTIVE 401(K) PLAN · DENVER, CO · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Mike Shaw Management, Inc. reported $19,833 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $261 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 0.28% to 0.26%. 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 Colorado (883rd of 1,461), and 3,060th of 5,215 in retail trade. In 2024, employees put in $16.34 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,939,858
Participants with balances403
Active participants158
Employer contributions$41,292
Employee contributions$674,542
Employer contribution per active participant$261
Average account balance$19,702
Benefits paid to participants$1,072,159
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$7.9M · 403 accts · $41K emplr
2023$7.5M · 377 accts · $47K emplr
2022$6.5M · 368 accts · $47K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,833
Audit (IQPA)$9,000
Total administrative$19,833
The Mike Shaw Management, Inc. 401(k) match · 2024
Employer contribution per active participant$261
Median for plans this size$1,313
2024$261 per active participant
2023$279 per active participant
2022$298 per active participant

Mike Shaw Management, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,833
PLANTE & MORAN, PLLC · Accounting / audit$9,000
HIGHTOWER SECURITIES LLCindirect comp

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$19,833 · 0.26%
2023$9,859 · 0.14%
2022$19,636 · 0.28%
Same employer
Similar plansRetail Trade · Colorado
Hight Enterprises, LTD CO$8.8M · 0.02%
Grand Auto, Inc. CO$8.2M · 0.52%
Winston Cole, LLC CO$8.1M · 0.42%
Heuberger Motors, Inc. CO$7.7M · 0.83%
Johnson Auto Sales, Inc. CO$7.4M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 331089191 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.