Plan Ledger DOL Form 5500 · updated monthly

Pohanka of Salisbury, Inc.401(k)

POHANKA OF SALISBURY, INC. 401(K) PLAN · CHANTILLY, VA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Pohanka of Salisbury, Inc. reported $98,086 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,802 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 2 years on file its reported administrative ratio rose from 0.32% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 969th-largest of 2,266 plans among Virginia employers on file, and the 1,417th of 5,215 in retail trade. In 2024, employees put in $2.46 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,715,062
Participants with balances669
Active participants522
Employer contributions$940,762
Employee contributions$2,312,742
Employer contribution per active participant$1,802
Average account balance$30,964
Benefits paid to participants$2,665,670
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 669 accts · $941K emplr
2023$18.0M · 586 accts · $939K emplr
2022$13.7M · 537 accts · $759K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$64,163
Investment management$5,742
Total administrative$98,086
The Pohanka of Salisbury, Inc. 401(k) match · 2024
Employer contribution per active participant$1,802
Median for plans this size$2,416
2024$1,802 per active participant
2023$1,886 per active participant
2022$1,518 per active participant

Pohanka of Salisbury, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20246
NATIONAL AUTOMOBILE DEALERS ASSOC$25,523
EMPOWER ADVISORY GROUP, LLC · Investment management$5,742
CAPFINANCIAL PARTNERS LLC$4,254
NORTHEAST RETIREMENT SVC, INC. · Contract administrator$2,658
JPMORGAN INVEST HOLDINGS LLC$450

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$98,086 · 0.51%
2023$69,250 · 0.44%
2022$44,331 · 0.32%
Similar plansRetail Trade · Virginia
Brown Automotive Group LTD VA$22.2M · 0.54%
Merrifield Garden Center VA$21.6M · 0.27%
Don Beyer Motors, Inc. VA$20.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 522156395 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.