Plan Ledger DOL Form 5500 · updated monthly

Napleton Schaumburg Motors, Inc.401(k)

STEVE NAPLETON DEALER GROUP 401(K) PLAN · SCHAUMBURG, IL · plan year 2024

Reported admin expense ratio · 2024
1.08%

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

Napleton Schaumburg Motors, Inc. reported $113,415 in plan administrative expenses for 2024: 1.08% of average plan assets, higher than ~90% of peers. Employer contributions averaged $784 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 0.90% to 1.08%. 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 Illinois (2,250th of 3,702), and the 2,322nd of 5,215 in retail trade. In 2024, employees put in $4.74 for every $1.00 the employer contributed; active participation has grown from 168 to 345 since 2022.

Plan summary
Net assets, end of year$11,671,711
Participants with balances584
Active participants345
Employer contributions$270,542
Employee contributions$1,283,337
Employer contribution per active participant$784
Average account balance$19,986
Benefits paid to participants$824,953
Plan auditUnmodified (clean) audit opinion
AuditorSMITH+HOWARD ADVISORY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 584 accts · $271K emplr
2023$9.4M · 400 accts · $175K emplr
2022$7.9M · 326 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$113,415
Total administrative$113,415
The Napleton Schaumburg Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$784
Median for plans this size$2,416
2024$784 per active participant
2023$715 per active participant
2022$848 per active participant

Napleton Schaumburg Motors, Inc.'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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping$113,415

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$113,415 · 1.08%
2023$85,543 · 0.99%
2022$74,901 · 0.90%
Same employer
Similar plansRetail Trade · Illinois
Semersky Enterprises IL$12.2M · 0.48%
Green Lincoln, Inc. IL$12.1M · 0.65%
Kelley Williamson Company IL$11.9M · 0.15%
L.J. Thalmann Co. IL$11.7M · 0.43%
Jc Licht, LLC IL$11.6M · 0.71%
American Green, Inc. IL$11.3M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363605103 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.