Plan Ledger DOL Form 5500 · updated monthly

Newton Nissan of Gallatin Inc401(k)

NEWTON NISSAN OF GALLATIN INC 401K PLAN · GALLATIN, TN · plan year 2024

Reported admin expense ratio · 2024
0.15%

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

Newton Nissan of Gallatin Inc reported $6,869 in plan administrative expenses for 2024: 0.15% of average plan assets, lower than ~75% of peers. Employer contributions averaged $740 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 fell from 0.23% to 0.15%. 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 Tennessee (1,082nd of 1,496), and 3,797th of 5,215 in retail trade. In 2024, employees put in $3.55 for every $1.00 the employer contributed; active participation has grown from 189 to 230 since 2022.

Plan summary
Net assets, end of year$4,888,384
Participants with balances132
Active participants230
Employer contributions$170,197
Employee contributions$604,854
Employer contribution per active participant$740
Average account balance$37,033
Benefits paid to participants$575,227
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 132 accts · $170K emplr
2023$4.3M · 129 accts · $175K emplr
2022$3.4M · 134 accts · $205K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,934
Investment management$2,935
Total administrative$6,869
The Newton Nissan of Gallatin Inc 401(k) match · 2024
Employer contribution per active participant$740
Median for plans this size$1,313
2024$740 per active participant
2023$906 per active participant
2022$1,085 per active participant

Newton Nissan of Gallatin Inc's 2024 employer contribution ran below the $1,313 median for plans its size. 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
SENTRY LIFE INSURANCE COMPANY$3,934

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$6,869 · 0.15%
2023$8,599 · 0.22%
2022$8,063 · 0.23%
Same employer
Similar plansRetail Trade · Tennessee
Dyer Foods, Inc. TN$5.9M · 0.07%
Autozone Puerto Rico TN$5.8M · 1.59%
Csc Investments, LLC TN$5.6M · 0.33%
Chas. C. Parks Company TN$4.7M · 1.02%
Logo Brands, Inc. TN$4.6M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 264781437 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.