Plan Ledger DOL Form 5500 · updated monthly

National Auto Care Corp401(k)

NATIONAL AUTO CARE 401(K) PLAN · WESTERVILLE, OH · plan year 2023

Reported admin expense ratio · 2023
0.55%

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

National Auto Care Corp reported $52,607 in plan administrative expenses for 2023: 0.55% of average plan assets, above the peer median. Employer contributions averaged $3,910 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 1 year on file its reported administrative ratio rose from 0.51% to 0.55%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in Ohio (1,850th of 3,295), and the 1,511th of 3,341 in other services. In 2023, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$11,621,211
Participants with balances310
Active participants255
Employer contributions$997,177
Employee contributions$1,882,345
Employer contribution per active participant$3,910
Average account balance$37,488
Benefits paid to participants$716,234
Plan auditUnmodified (clean) audit opinion
AuditorWILLIAMS BENATOR & LIBBY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$11.6M · 310 accts · $997K emplr
2022$7.4M · 254 accts · $418K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,831
Investment management$22,776
Total administrative$52,607
The National Auto Care Corp 401(k) match · 2023
Employer contribution per active participant$3,910
Median for plans this size$1,308
2023$3,910 per active participant
2022$1,740 per active participant

National Auto Care Corp's 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$29,831
MERRILL LYNCH · Consulting · Insurance services$22,776

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024Not separately reported
2023$52,607 · 0.55%
2022$38,227 · 0.51%
Similar plansOther Services · Ohio
The Hannon Company OH$12.5M · 0.41%
Mike's Carwash, Inc. OH$11.8M · 0.97%
Dover Hydraulics, Inc. OH$11.7M · 0.04%
Area Office on Aging OH$11.3M · 0.12%
Coalition on Homelessness OH$10.4M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 311115893 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.