Plan Ledger DOL Form 5500 · updated monthly

O.K. Tire Store, Inc.401(k)

O.K. TIRE STORE, INC. 401(K) PROFIT SHARING PLAN · FARGO, ND · plan year 2023

Reported admin expense ratio · 2023
0.24%

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

O.K. Tire Store, Inc. reported $23,339 in plan administrative expenses for 2023: 0.24% of average plan assets, below the peer median. Employer contributions averaged $796 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 0.21% to 0.27%. 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 North Dakota (182nd of 279), and 2,616th of 5,215 in retail trade. In 2023, employees put in $4.20 for every $1.00 the employer contributed; active participation has shrunk from 167 to 143 since 2022.

Plan summary
Net assets, end of year$10,060,136
Participants with balances218
Active participants143
Employer contributions$113,771
Employee contributions$478,036
Employer contribution per active participant$796
Average account balance$46,147
Benefits paid to participants$1,104,538
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 198 accts · $50K emplr
2023$10.1M · 218 accts · $114K emplr
2022$9.4M · 238 accts · $110K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$5,315
Investment management$18,024
Total administrative$23,339
The O.K. Tire Store, Inc. 401(k) match · 2023
Employer contribution per active participant$796
Median for plans this size$1,308
2024$227 per active participant
2023$796 per active participant
2022$661 per active participant

O.K. Tire Store, Inc.'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
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$5,315
FUTURE BRIGHT LLC · Investment advisory (participants) · Investment advisory (plan)$18,024

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$27,436 · 0.27%
2023$23,339 · 0.24%
2022$22,061 · 0.21%
All plans at this employer2
O.K. TIRE STORE, INC. 401(K) PROFIT SHARING PLAN401(k)
O. K. TIRE STORE, INC EMPLOYEE STOCK OWNERSHIP PLANESOP
Same employer
Similar plansRetail Trade · North Dakota
Leevers Foods, Inc. ND$12.4M · 0.08%
Westlie Motor Company ND$11.3M · 0.65%
Bismarck Motor Company ND$9.6M · 0.64%
Puklich Chevrolet, Inc. ND$9.4M · 0.17%
Bemobile, Inc. ND$7.2M · 0.65%

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Source: U.S. Department of Labor, Form 5500 series, EIN 450274667 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.