Plan Ledger DOL Form 5500 · updated monthly

Northtown Automotive Companies, Inc.401(k)

NORTHTOWN AUTOMOTIVE COMPANIES, INC. 401(K) PLAN · AMHERST, NY · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Northtown Automotive Companies, Inc. reported $95,690 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $1,109 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 0.16% to 0.17%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 1,231st-largest of 5,648 plans among New York employers on file, and the 579th of 5,215 in retail trade. In 2024, employees put in $3.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$58,151,807
Participants with balances467
Active participants625
Employer contributions$693,146
Employee contributions$2,668,010
Employer contribution per active participant$1,109
Average account balance$124,522
Benefits paid to participants$4,350,935
Plan auditUnmodified (clean) audit opinion
AuditorCHIAMPOU TRAVIS BESAW & KERSHNER
Plan history3
Yearassets · accounts · employer contribution
2024$58.2M · 467 accts · $693K emplr
2023$52.2M · 459 accts · $673K emplr
2022$45.1M · 446 accts · $647K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,690
Total administrative$95,690
The Northtown Automotive Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$1,109
Median for plans this size$3,635
2024$1,109 per active participant
2023$1,120 per active participant
2022$1,131 per active participant

Northtown Automotive Companies, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$95,690
MML INSURANCE AGENCY LLC · Other servicesindirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$95,690 · 0.17%
2023$87,889 · 0.18%
2022$76,101 · 0.16%
Same employer
Similar plansRetail Trade · New York
Curtis Lumber Company, Inc NY$70.0M · 0.26%
Cole Haan LLC NY$68.3M · 0.07%
Rallye Motors, LLC NY$66.0M · 0.02%
Zara USA, Inc. NY$52.8M · 0.52%
Basil Management Group LLC NY$51.3M · 0.26%
Hugo Boss USA NY$51.2M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 160970381 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.