Plan Ledger DOL Form 5500 · updated monthly

Power Auto, Inc.401(k)

POWER AUTO INC. 401(K) PLAN · SUBLIMITY, OR · plan year 2024

Reported admin expense ratio · 2024
1.03%

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

Power Auto, Inc. reported $71,901 in plan administrative expenses for 2024: 1.03% of average plan assets, higher than ~75% of peers. Employer contributions averaged $674 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 0.85% to 1.03%. 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 Oregon (643rd of 1,021), and 3,162nd of 5,215 in retail trade. In 2024, employees put in $4.35 for every $1.00 the employer contributed; active participation has shrunk from 307 to 253 since 2022.

Plan summary
Net assets, end of year$7,514,534
Participants with balances142
Active participants253
Employer contributions$170,563
Employee contributions$741,772
Employer contribution per active participant$674
Average account balance$52,919
Benefits paid to participants$751,108
Plan auditUnmodified (clean) audit opinion
AuditorKIMBERLIN COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$7.5M · 142 accts · $171K emplr
2023$6.5M · 157 accts · $217K emplr
2022$5.0M · 161 accts · $396K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,198
Investment management$41,703
Audit (IQPA)$9,000
Total administrative$71,901
The Power Auto, Inc. 401(k) match · 2024
Employer contribution per active participant$674
Median for plans this size$1,313
2024$674 per active participant
2023$799 per active participant
2022$1,291 per active participant

Power Auto, 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 · 20243
RAYMOND JAMES FINANCIAL SERVICE · Recordkeeping · Pension consulting$41,703
ADP, INC. · Recordkeeping$21,198
KIMBERLIN COMPANY, PLLC · Recordkeeping · Pension consulting$9,000

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, KIMBERLIN COMPANY, PLLC, Raymond James
2023ADP, KIMBERLIN COMPANY, PLLC, Raymond James

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Administrative cost history3
2024$71,901 · 1.03%
2023$58,918 · 1.02%
2022$43,115 · 0.85%
Same employer
Similar plansRetail Trade · Oregon
Herzog-Meier Auto Center OR$8.3M · 0.53%
Ashland Food Cooperative OR$8.3M · 0.49%
Roberson Motors, Inc. OR$7.4M · 0.58%
Superior Tire Service Inc OR$7.2M · 0.24%
Sunset Imports Inc. OR$6.8M · 0.08%
Jaj Enterprises, LLC OR$6.7M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930795970 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.