Plan Ledger DOL Form 5500 · updated monthly

Murphy Auto Group, Inc.401(k)

MURPHY AUTO GROUP, INC. 401(K) PLAN · TAMPA, FL · plan year 2024

Reported admin expense ratio · 2024
1.24%

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

Murphy Auto Group, Inc. reported $70,127 in plan administrative expenses for 2024: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,684 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 1.24%. 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 Florida (2,319th of 3,644), and 3,484th of 5,215 in retail trade. In 2024, employees put in $1.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,034,013
Participants with balances257
Active participants288
Employer contributions$485,098
Employee contributions$604,896
Employer contribution per active participant$1,684
Average account balance$23,479
Benefits paid to participants$826,950
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 257 accts · $485K emplr
2023$5.3M · 194 accts · $448K emplr
2022$3.8M · 179 accts · $342K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$70,127
Total administrative$70,127
The Murphy Auto Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,684
Median for plans this size$1,313
2024$1,684 per active participant
2023$1,383 per active participant
2022$1,301 per active participant

Murphy Auto Group, Inc.'s 2024 employer contribution ran above 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 LIFE INSURANCE COMPANY · Recordkeeping · Investment management$4,044
RJA 338 FEE · Investment advisory (participants)$28,214

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$70,127 · 1.24%
2023$39,307 · 0.87%
2022$43,799 · 1.19%
Same employer
Similar plansRetail Trade · Florida
Nhp Innovations, LLC FL$6.2M · 0.51%
Sarasota 500, LLC FL$5.7M · 1.12%
Vineland Motor Sales LLC FL$5.6M · 0.04%
Peacock Automotive, LLC FL$5.5M · 1.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201673728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.