Plan Ledger DOL Form 5500 · updated monthly

Morse Chevrolet, Inc.401(k)

MCCARTHY RETIREMENT SAVINGS PLAN · OLATHE, KS · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Morse Chevrolet, Inc. reported $154,599 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $535 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 0.67% to 0.62%. 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 241st-largest of 828 plans among Kansas employers on file, and the 1,140th of 5,215 in retail trade. In 2024, employees put in $10.99 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$26,641,338
Participants with balances559
Active participants486
Employer contributions$260,034
Employee contributions$2,857,552
Employer contribution per active participant$535
Average account balance$47,659
Benefits paid to participants$3,303,982
Plan auditUnmodified (clean) audit opinion
AuditorUHY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.6M · 559 accts · $260K emplr
2023$23.6M · 546 accts · $251K emplr
2022$21.2M · 499 accts · $243K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,173
Investment management$72,426
Total administrative$154,599
The Morse Chevrolet, Inc. 401(k) match · 2024
Employer contribution per active participant$535
Median for plans this size$2,416
2024$535 per active participant
2023$503 per active participant
2022$503 per active participant

Morse Chevrolet, Inc.'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 · 20243
CBIZ INVESTMENT ADVISORY SERVICES · Investment advisory (plan)$72,008
CAPITAL GROUP RETIREMENT PLAN SERVI$50,006
MHM RETIREMENT PLAN SOLUTIONS · Accounting / audit$32,167

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$154,599 · 0.62%
2023$151,053 · 0.67%
2022$151,834 · 0.67%
Similar plansRetail Trade · Kansas
South Plains Implement, LTD KS$34.4M · 0.16%
Jtl Leasing Flp KS$23.9M · 0.12%
McCray Lumber Company KS$22.8M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 480727552 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.