Plan Ledger DOL Form 5500 · updated monthly

Parts Authority LLC401(k)

PARTS AUTHORITY LLC PROFIT SHARE/401K PLAN · LAKE SUCCESS, NY · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Parts Authority LLC reported $375,193 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~90% of peers. Employer contributions averaged $230 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 0.52%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other wholesale trade employers. By assets it is the 968th-largest of 5,648 plans among New York employers on file, and the 528th of 4,246 in wholesale trade. In 2024, employees put in $6.97 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$77,517,824
Participants with balances7,886
Active participants5,675
Employer contributions$1,306,356
Employee contributions$9,098,942
Employer contribution per active participant$230
Average account balance$9,830
Benefits paid to participants$9,006,757
Plan auditUnmodified (clean) audit opinion
AuditorKWM CPAS LLP
Plan history3
Yearassets · accounts · employer contribution
2024$77.5M · 7,886 accts · $1.3M emplr
2023$67.3M · 8,036 accts · $1.3M emplr
2022$54.4M · 7,146 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$144,539
Investment management$230,654
Total administrative$375,193
The Parts Authority LLC 401(k) match · 2024
Employer contribution per active participant$230
Median for plans this size$3,635
2024$230 per active participant
2023$217 per active participant
2022$200 per active participant

Parts Authority LLC'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
ADP, INC. · Loan processing · Recordkeeping$330,161
UBS FINANCIAL SERVICES, INC. · Recordkeeping · Trustee$45,030
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, UBS
2023ADP, UBS

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

Administrative cost history3
2024$375,193 · 0.52%
2023$321,618 · 0.53%
2022$283,654 · 0.51%
Same employer
Similar plansWholesale Trade · New York
Richline Group, Inc. NY$88.5M · 0.08%
Baillie Lumber Co., L.P. NY$78.8M · 0.11%
P. Kaufmann, Inc. NY$76.1M · 0.27%
Remy Cointreau USA Inc. NY$73.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 812962479 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.