Plan Ledger DOL Form 5500 · updated monthly

Off Lease Only LLC401(k) + ESOP (KSOP)

OFF LEASE ONLY LLC 401(K) PROFIT SHARING PLAN & TRUST · WILMINGTON, DE · plan year 2022

Reported admin expense ratio · 2022
1.44%

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

Off Lease Only LLC reported $131,410 in plan administrative expenses for 2022: 1.44% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,131 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 1 year on file its reported administrative ratio fell from 1.44% to 1.04%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Delaware (157th of 242), and 2,912th of 5,215 in retail trade. In 2022, employees put in $3.49 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,613,510
Participants with balances510
Active participants454
Employer contributions$513,627
Employee contributions$1,793,264
Employer contribution per active participant$1,131
Average account balance$16,889
Benefits paid to participants$1,640,889
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$5.9M · 440 accts · $556K emplr
2022$8.6M · 510 accts · $514K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$131,410
Total administrative$131,410
The Off Lease Only LLC 401(k) match · 2022
Employer contribution per active participant$1,131
Median for plans this size$1,114
2023$92,657 per active participant
2022$1,131 per active participant

Off Lease Only LLC's 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024Not separately reported
2023$75,427 · 1.04%
2022$131,410 · 1.44%
Similar plansRetail Trade · Delaware
Delaware Motor Sales, Inc DE$12.1M · 0.68%
The Price Organization DE$11.7M · 0.62%
Hynansky Investments, LLC DE$10.8M · 0.66%
Marg Pharmacy Inc. DE$8.2M · 1.26%
Johnny Janosik, Inc. DE$7.5M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 201407345 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.