Plan Ledger DOL Form 5500 · updated monthly

Myers Automotive Group, Inc. dba401(k)

TOYESCO 401(K) PLAN · ESCONDIDO, CA · plan year 2024

Reported admin expense ratio · 2024
0.81%

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

Myers Automotive Group, Inc. dba reported $89,119 in plan administrative expenses for 2024: 0.81% of average plan assets, higher than ~90% of peers. Employer contributions averaged $18 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 $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 California (5,080th of 9,483), and the 2,349th of 5,215 in retail trade. In 2024, employees put in $201.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,536,177
Participants with balances323
Active participants299
Employer contributions$5,355
Employee contributions$1,081,085
Employer contribution per active participant$18
Average account balance$35,716
Benefits paid to participants$1,342,536
Plan auditUnmodified (clean) audit opinion
AuditorLANCE SOLL & LUNGHARD LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 323 accts · $5K emplr
2023$10.4M · 298 accts · $11K emplr
2022$9.0M · 229 accts · $10K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$66,946
Investment management$22,173
Total administrative$89,119
The Myers Automotive Group, Inc. dba 401(k) match · 2024
Employer contribution per active participant$18
Median for plans this size$2,416
2024$18 per active participant
2023$39 per active participant
2022$36 per active participant

Myers Automotive Group, Inc. dba'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
ADP, INC. · Loan processing · Recordkeeping$67,093
RESOURCES INVESTMENT ADVISORS, INC. · Recordkeeping · Trustee$22,025
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, RESOURCES INVESTMENT ADVISORS, INC.
2023ADP, RESOURCES INVESTMENT ADVISORS, INC.

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Administrative cost history3
2024$89,119 · 0.81%
2023$80,582 · 0.83%
2022$78,664 · 0.78%
Same employer
Similar plansRetail Trade · California
Road Runner Sports, Inc. CA$12.0M · 0.70%
Orgain, LLC CA$12.0M · 0.89%
Ogara Coach Co. LLC CA$11.7M · 0.30%
Lee's Pet Club, Inc. CA$11.6M · 0.03%
Central Valley Automotive CA$11.4M · 0.70%
Rogers Jewelry Company CA$11.4M · 0.37%
Thrive Market, Inc. CA$11.4M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953263258 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.