Plan Ledger DOL Form 5500 · updated monthly

Motors Management Corporation401(k)

MOTORS MANAGEMENT CORPORATION 401(K) PLAN · AVENEL, NJ · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Motors Management Corporation reported $5,307 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,029 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 0.03% to 0.04%. 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 among the smaller plans on file in New Jersey (1,258th of 2,419), and the 1,915th of 5,215 in retail trade. In 2024, employees put in $3.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,896,985
Participants with balances189
Active participants275
Employer contributions$282,891
Employee contributions$1,090,661
Employer contribution per active participant$1,029
Average account balance$78,820
Benefits paid to participants$1,223,909
Plan auditUnmodified (clean) audit opinion
AuditorCITRIN COOPERMAN & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$14.9M · 189 accts · $283K emplr
2023$12.9M · 198 accts · $307K emplr
2022$11.2M · 201 accts · $352K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,307
Total administrative$5,307
The Motors Management Corporation 401(k) match · 2024
Employer contribution per active participant$1,029
Median for plans this size$2,416
2024$1,029 per active participant
2023$1,071 per active participant
2022$1,334 per active participant

Motors Management Corporation'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
CAPITAL GROUP RETIREMENT PLAN SVCS. · Trustee (directed) · Other services$5,307

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$5,307 · 0.04%
2023$4,244 · 0.04%
2022$3,850 · 0.03%
Same employer
Similar plansRetail Trade · New Jersey
Pine Belt Automotive, Inc. NJ$15.8M · 0.02%
Sunrise Shoprite, Inc. NJ$15.7M · 0.18%
Pierre Fabre USA NJ$15.2M · 0.42%
Ekornes Inc. NJ$14.5M · 0.04%
Bell Motor Cars, Inc. NJ$14.0M · 0.33%
Blindsto Go US Inc. NJ$12.9M · 0.63%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 222336211 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.