Plan Ledger DOL Form 5500 · updated monthly

Optimum Dealership Group LLC401(k)

OPTIMUM DEALERSHIP GROUP LLC 401(K) PLAN · OCALA, FL · plan year 2024

Reported admin expense ratio · 2024
2.77%

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

Optimum Dealership Group LLC reported $10,420 in plan administrative expenses for 2024: 2.77% of average plan assets, higher than ~75% of peers. Employer contributions averaged $0 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.

The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Florida (3,525th of 3,644), and 1,964th of 2,240 in accommodation & food services.

Plan summary
Net assets, end of year$375,970
Participants with balances242
Active participants269
Employer contributions$0
Employee contributions$408,135
Employer contribution per active participant$0
Average account balance$1,554
Benefits paid to participants$61,182
Plan auditUnmodified (clean) audit opinion
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,293
Investment management$127
Total administrative$10,420
The Optimum Dealership Group LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$540

Optimum Dealership Group LLC's 2024 employer contribution ran below the $540 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 · 20241
BETTERMENT FOR BUSINESS, LLC · Investment advisory (plan)$10,421

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

Administrative cost history1
2024$10,420 · 2.77%
Same employer
Similar plansAccommodation & Food Services · Florida
Fisheries, Inc. FL$478K · 0.24%
Valentino & Company, Inc. FL$418K · 0.22%
Cinema Holdings, LLC FL$338K · 5.48%
Bcc Rolling Oaks, LLC FL$331K · 1.49%
Arka Grill Company LLC FL$266K · 0.94%

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Source: U.S. Department of Labor, Form 5500 series, EIN 204855719 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.