Plan Ledger DOL Form 5500 · updated monthly

Price Chevrolet Company401(k)

JIM PRICE CHEVROLET 401(K) PROFIT SHARING PLAN · CHARLOTTESVILLE, VA · plan year 2022

Reported admin expense ratio · 2022
0.65%

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

Price Chevrolet Company reported $37,590 in plan administrative expenses for 2022: 0.65% of average plan assets, above the peer median. Employer contributions averaged $681 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 1 year on file its reported administrative ratio rose from 0.65% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Virginia (1,834th of 2,266), and 3,756th of 5,215 in retail trade. In 2022, employees put in $7.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,019,287
Participants with balances105
Active participants108
Employer contributions$73,581
Employee contributions$538,834
Employer contribution per active participant$681
Average account balance$47,803
Benefits paid to participants$1,354,079
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$4.1M · 69 accts · $75K emplr
2022$5.0M · 105 accts · $74K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$37,590
Total administrative$37,590
The Price Chevrolet Company 401(k) match · 2022
Employer contribution per active participant$681
Median for plans this size$1,114
2023$1,371 per active participant
2022$681 per active participant

Price Chevrolet Company's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$32,142 · 0.71%
2022$37,590 · 0.65%
Similar plansRetail Trade · Virginia
Grand Brands LLC VA$5.3M · 0.17%
R K Chevrolet, Inc. VA$5.1M · 0.36%
Nelson Automotive Group VA$4.6M · 0.04%
Shades of Light, LLC VA$4.3M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540843357 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.