Plan Ledger DOL Form 5500 · updated monthly

Park Auto South, Inc.401(k)

PARKWAY AUTO DEALERSHIPS 401(K) PROFIT SHARING PLAN · DOVER, OH · plan year 2024

Reported admin expense ratio · 2024
0.68%

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

Park Auto South, Inc. reported $36,595 in plan administrative expenses for 2024: 0.68% of average plan assets, above the peer median. Employer contributions averaged $726 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 3 years on file its reported administrative ratio has held roughly steady near 0.679%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,487th of 3,295), and 3,641st of 5,215 in retail trade. In 2024, employees put in $4.42 for every $1.00 the employer contributed; active participation has grown from 152 to 171 since 2022.

Plan summary
Net assets, end of year$5,425,813
Participants with balances210
Active participants171
Employer contributions$124,194
Employee contributions$548,600
Employer contribution per active participant$726
Average account balance$25,837
Benefits paid to participants$1,276,498
Plan auditUnmodified (clean) audit opinion
AuditorMOORE & NEIDENTHAL, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$5.4M · 210 accts · $124K emplr
2023$5.4M · 177 accts · $152K emplr
2022$4.5M · 203 accts · $143K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,311
Investment management$11,284
Total administrative$36,595
The Park Auto South, Inc. 401(k) match · 2024
Employer contribution per active participant$726
Median for plans this size$1,313
2024$726 per active participant
2023$832 per active participant
2022$943 per active participant

Park Auto South, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
COMMONWEALTH FINANCIAL · Investment advisory (plan)$10,777
REA & ASSOCIATES · Contract administrator$2,475
EMPOWER ADVISORY GROUP, LLC · Investment management$506

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$36,595 · 0.68%
2023$33,293 · 0.68%
2022$31,403 · 0.68%
Similar plansRetail Trade · Ohio
Q.N.P. Inc. OH$6.6M · 0.76%
Woodpeckers LLC OH$6.5M · 0.62%
Dave Arbogast Group, Inc. OH$5.2M · 1.19%
Brentlinger Enterprises OH$5.1M · 0.61%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341384107 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.