Plan Ledger DOL Form 5500 · updated monthly

Plaza Motors LLC401(k)

PLAZA MOTORS LLC 401(K) PROFIT SHARING PLAN & TRUST · BROOKLYN, NY · plan year 2023

Reported admin expense ratio · 2023
0.61%

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

Plaza Motors LLC reported $20,123 in plan administrative expenses for 2023: 0.61% of average plan assets, above the peer median. Employer contributions averaged $179 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 $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 New York (4,745th of 5,648), and 4,157th of 5,215 in retail trade. In 2023, employees put in $8.52 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,670,050
Participants with balances265
Active participants232
Employer contributions$41,621
Employee contributions$354,708
Employer contribution per active participant$179
Average account balance$13,849
Benefits paid to participants$352,559
Plan auditUnmodified (clean) audit opinion
AuditorSHAWN POOLER CPA
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,263
Trustee / custodial$860
Total administrative$20,123
The Plaza Motors LLC 401(k) match · 2023
Employer contribution per active participant$179
Median for plans this size$1,308

Plaza Motors LLC's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PAYCHEX, INC. · Recordkeeping$19,061

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

Administrative cost history1
2023$20,123 · 0.61%
Similar plansRetail Trade · New York
Cayuga Nation of Indians NY$3.8M · 0.48%
Uncle G's Management Corp NY$3.8M · 1.03%
Paragon Sports LLC NY$3.7M · 0.11%
H.E.P. Materials Corp. NY$3.6M · 0.80%
Lobster Place NY$3.6M · 0.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 872123722 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.