Plan Ledger DOL Form 5500 · updated monthly

Northsound Auto Group LLC401(k)

DWAYNE LANES CORPORATIONS 401(K) PROFIT SHARING PLAN AND TRUST · EVERETT, WA · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Northsound Auto Group LLC reported $71,274 in plan administrative expenses for 2023: 0.78% of average plan assets, above the peer median. Employer contributions averaged $913 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 0.22% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Washington (1,066th of 1,714), and 2,611th of 5,215 in retail trade. In 2023, employees put in $5.38 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,106,035
Participants with balances171
Active participants144
Employer contributions$131,482
Employee contributions$706,768
Employer contribution per active participant$913
Average account balance$59,100
Benefits paid to participants$387,819
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.8M · 183 accts · $228K emplr
2023$10.1M · 171 accts · $131K emplr
2022$8.3M · 204 accts · $148K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$44,855
Audit (IQPA)$26,419
Total administrative$71,274
The Northsound Auto Group LLC 401(k) match · 2023
Employer contribution per active participant$913
Median for plans this size$1,308
2024$1,436 per active participant
2023$913 per active participant
2022$984 per active participant

Northsound Auto Group LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
JOHN HANCOCK · Recordkeeping · Loan processing$45,023
MOSS ADAMS · Accounting / audit$26,250

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$62,640 · 0.63%
2023$71,274 · 0.78%
2022$19,571 · 0.22%
Same employer
Similar plansRetail Trade · Washington
Roy Robinson Incorporated WA$10.4M · 0.86%
Valmark, Inc. WA$10.3M · 0.22%
Evolucion Innovations, Inc. WA$10.0M · 0.48%
R N R Holiday Rv Inc. WA$9.7M · 0.72%
Mid Columbia Forklift Inc WA$9.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 943446629 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.