Plan Ledger DOL Form 5500 · updated monthly

Navarre Chevrolet, Inc. Billy Navarre Chevrolet of Lake Charles401(k)

BILLY NAVARRE CHEVROLET 401(K) PLAN · LAKE CHARLES, LA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Navarre Chevrolet, Inc. Billy Navarre Chevrolet of Lake Charles reported $80,111 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $540 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 0.57% to 0.61%. 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 the 348th-largest of 884 plans among Louisiana employers on file, and the 2,053rd of 5,215 in retail trade. In 2024, employees put in $5.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,667,630
Participants with balances273
Active participants314
Employer contributions$169,423
Employee contributions$867,935
Employer contribution per active participant$540
Average account balance$50,065
Benefits paid to participants$1,492,797
Plan auditUnmodified (clean) audit opinion
AuditorLANGLEY, WILLIAMS, & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$13.7M · 273 accts · $169K emplr
2023$12.5M · 265 accts · $161K emplr
2022$10.6M · 158 accts · $226K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,284
Investment management$76,827
Total administrative$80,111
The Navarre Chevrolet, Inc. Billy Navarre Chevrolet of Lake Charles 401(k) match · 2024
Employer contribution per active participant$540
Median for plans this size$2,416
2024$540 per active participant
2023$543 per active participant
2022$736 per active participant

Navarre Chevrolet, Inc. Billy Navarre Chevrolet of Lake Charles'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
NOVA 401(K) ASSOCIATES · Contract administrator$13,859

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$80,111 · 0.61%
2023$89,345 · 0.77%
2022$66,260 · 0.57%
Similar plansRetail Trade · Louisiana
Bensco of Louisiana, LLC LA$14.9M · 0.22%
Banner of N.O., L.L.C. LA$14.0M · 0.63%
David Y. Martin Jr., LLC LA$13.1M · 0.27%
Service Tool Co., LLC LA$12.1M · 1.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 720943233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.