Plan Ledger DOL Form 5500 · updated monthly

Murdock Chevrolet Auto Group401(k)

MURDOCK CHEVROLET 401(K) PLAN · WOODS CROSS, UT · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Murdock Chevrolet Auto Group reported $70,544 in plan administrative expenses for 2024: 0.81% of average plan assets, above the peer median. Employer contributions averaged $872 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 3 years on file its reported administrative ratio has held roughly steady near 0.81%. 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 Utah (483rd of 848), and 2,789th of 5,215 in retail trade. In 2024, employees put in $2.65 for every $1.00 the employer contributed; active participation has grown from 331 to 393 since 2022.

Plan summary
Net assets, end of year$9,262,487
Participants with balances172
Active participants393
Employer contributions$342,597
Employee contributions$907,383
Employer contribution per active participant$872
Average account balance$53,852
Benefits paid to participants$1,385,521
Plan auditDisclaimer of opinion
AuditorKC, CPA'S
Plan history3
Yearassets · accounts · employer contribution
2024$9.3M · 172 accts · $343K emplr
2023$8.2M · 177 accts · $316K emplr
2022$6.3M · 150 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,698
Investment management$34,846
Total administrative$70,544
The Murdock Chevrolet Auto Group 401(k) match · 2024
Employer contribution per active participant$872
Median for plans this size$1,313
2024$872 per active participant
2023$839 per active participant
2022$1,177 per active participant

Murdock Chevrolet Auto Group's 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20242
JOHN HANCOCK · Recordkeeping$925
PRIVATE ADVISORY GROUP · Investment advisory (participants)$29,094

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$70,544 · 0.81%
2023$56,780 · 0.79%
2022$52,108 · 0.80%
Same employer
Similar plansRetail Trade · Utah
Siskin Enterprises, Inc. UT$10.5M · 0.42%
Tim Dahle Imports Inc. UT$9.7M · 0.48%
Pw Companies, LLC UT$9.4M · 0.94%
Xyngular Corporation UT$7.6M · 0.82%
L.K.L. Associates, Inc. UT$7.3M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870381839 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.