Plan Ledger DOL Form 5500 · updated monthly

Neil Huffman Volkswagen, Inc.401(k)

NEIL HUFFMAN VOLKSWAGEN, INC. 401(K) PROFIT SHARING PLAN & TRUST · LOUISVILLE, KY · plan year 2024

Reported admin expense ratio · 2024
0.46%

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

Neil Huffman Volkswagen, Inc. reported $38,665 in plan administrative expenses for 2024: 0.46% of average plan assets, below the peer median. Employer contributions averaged $539 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 0.37% to 0.46%. 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 Kentucky (509th of 871), and 2,853rd of 5,215 in retail trade. In 2024, employees put in $6.31 for every $1.00 the employer contributed; active participation has grown from 183 to 225 since 2022.

Plan summary
Net assets, end of year$8,921,953
Participants with balances140
Active participants225
Employer contributions$121,194
Employee contributions$765,025
Employer contribution per active participant$539
Average account balance$63,728
Benefits paid to participants$523,850
Plan auditUnmodified (clean) audit opinion
AuditorKENDRA G.MELNYK, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 140 accts · $121K emplr
2023$7.8M · 160 accts · $177K emplr
2022$6.1M · 157 accts · $63K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,328
Investment management$23,337
Total administrative$38,665
The Neil Huffman Volkswagen, Inc. 401(k) match · 2024
Employer contribution per active participant$539
Median for plans this size$1,313
2024$539 per active participant
2023$804 per active participant
2022$343 per active participant

Neil Huffman Volkswagen, Inc.'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 · 20242
ALLIANCEBERNSTEIN LP · Investment advisory (plan)$23,337

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$38,665 · 0.46%
2023$31,201 · 0.45%
2022$23,742 · 0.37%
Similar plansRetail Trade · Kentucky
Keystops, LLC KY$8.3M · 0.39%
Farmer Automotive Group KY$7.9M · 1.61%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 610674549 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.