Plan Ledger DOL Form 5500 · updated monthly

Mills Automotive Group, LLC401(k)

MILLS AUTOMOTIVE GROUP, LLC 401(K) PLAN · PINEVILLE, NC · plan year 2023

Reported admin expense ratio · 2023
1.27%

Mills Automotive Group, LLC reported $72,635 in plan administrative expenses for 2023: 1.27% of average plan assets, higher than ~90% of peers. 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 1 year on file its reported administrative ratio fell from 1.68% to 1.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in North Carolina (1,372nd of 2,005), and 3,489th of 5,215 in retail trade.

Plan summary
Net assets, end of year$6,014,493
Participants with balances208
Active participants764
Employer contributions—
Employee contributions$777,828
Employer contribution per active participant—
Average account balance$28,916
Benefits paid to participants$966,223
Plan auditUnmodified (clean) audit opinion
AuditorHENDERSON, HUTCHERSON & MCCULLOUG
Plan history2
Yearassets · accounts · employer contribution
2023$6.0M · 208 accts
2022$5.4M · 188 accts · $71K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$72,635
Total administrative$72,635
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PENSION PROFIT SHARING SERVICES INC · Contract administrator$31,604
MERRILL LYNCH FENNER & SMITH INC, · Investment advisory (plan)$16,337

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

Administrative cost history2
2023$72,635 · 1.27%
2022$90,252 · 1.68%
Same employer
Similar plansRetail Trade · North Carolina
Sanders Ford, Inc. NC$6.6M · 0.72%
Pmg Carolinas, LLC NC$6.6M · 0.66%
Foss Auto Recycling, Inc. NC$6.2M · 0.80%
Hunter Corporation NC$5.8M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 320256715 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.