Plan Ledger DOL Form 5500 · updated monthly

My Auto Imports401(k)

MY AUTO IMPORTS CENTER 401(K) PLAN · MUSKEGON, MI · plan year 2024

Reported admin expense ratio · 2024
0.23%

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

My Auto Imports reported $13,300 in plan administrative expenses for 2024: 0.23% of average plan assets, below the peer median. Employer contributions averaged $454 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 0.04% to 0.23%. 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 Michigan (1,899th of 2,619), and 3,496th of 5,215 in retail trade. In 2024, employees put in $4.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,998,300
Participants with balances138
Active participants270
Employer contributions$122,622
Employee contributions$575,911
Employer contribution per active participant$454
Average account balance$43,466
Benefits paid to participants$974,601
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 138 accts · $123K emplr
2023$5.5M · 136 accts · $139K emplr
2022$4.1M · 105 accts · $157K emplr
Administrative expenses, itemized · 2024
Investment management$13,300
Total administrative$13,300
The My Auto Imports 401(k) match · 2024
Employer contribution per active participant$454
Median for plans this size$1,313
2024$454 per active participant
2023$553 per active participant
2022$628 per active participant

My Auto Imports's 2024 employer contribution ran below the $1,313 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
EDWARD JONES · Investment advisory (plan)$22,765
CAPITAL GROUP RETIREMENT PLAN SERVI$7,368
KDP RETIREMENT PLAN SERVICES · Contract administrator$3,217

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$13,300 · 0.23%
2023$780 · 0.02%
2022$1,553 · 0.04%
Same employer
Similar plansRetail Trade · Michigan
Taylor Ford, Inc. MI$6.3M · 0.16%
Muskegon Car Credit, Inc. MI$6.3M · 0.64%
Hagopian & Sons, Inc. MI$6.2M · 0.69%
Harding & Hill, Inc. MI$6.2M · 0.53%
Marshall Music Company MI$5.9M · 0.96%
Ibe Enterprises, LLC MI$5.8M · 0.66%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383429398 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.