Plan Ledger DOL Form 5500 · updated monthly

Reed Automotive Group, Inc.401(k)

REED AUTOMOTIVE GROUP, INC. 401(K) RETIREMENT PLAN · ST. JOSEPH, MO · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Reed Automotive Group, Inc. reported $100,807 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $917 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 fell from 0.55% to 0.50%. 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 578th-largest of 1,393 plans among Missouri employers on file, and the 1,390th of 5,215 in retail trade. In 2024, employees put in $5.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,183,008
Participants with balances276
Active participants387
Employer contributions$354,841
Employee contributions$1,844,953
Employer contribution per active participant$917
Average account balance$76,750
Benefits paid to participants$2,626,271
Plan auditUnmodified (clean) audit opinion
AuditorPICKETT, CHANEY AND MCMULLEN LLP
Plan history3
Yearassets · accounts · employer contribution
2024$21.2M · 276 accts · $355K emplr
2023$19.0M · 281 accts · $340K emplr
2022$14.9M · 313 accts · $396K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$38,503
Investment management$51,954
Audit (IQPA)$10,350
Total administrative$100,807
The Reed Automotive Group, Inc. 401(k) match · 2024
Employer contribution per active participant$917
Median for plans this size$2,416
2024$917 per active participant
2023$829 per active participant
2022$1,028 per active participant

Reed Automotive Group, Inc.'s 2024 employer contribution ran below the $2,416 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
JOHN HANCOCK · Recordkeeping · Loan processing$38,952
EDWARD D. JONES & COMPANY, L.P. · Investment advisory (plan)$47,690
PICKETT, CHANEY & MCMULLEN LLP · Accounting / audit$10,350

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$100,807 · 0.50%
2023$84,003 · 0.50%
2022$85,206 · 0.55%
Same employer
Similar plansRetail Trade · Missouri
Springfield Grocer Company MO$24.3M · 0.20%
Wolfe Automotive Group, LLC MO$24.1M · 0.07%
McKeever Enterprises, Inc. MO$23.2M · 0.19%
Warrenton Oil Company, Inc. MO$17.8M · 0.52%
Jim Butler Chevrolet Inc. MO$17.7M · 0.77%
Dfm Investment, Co. MO$17.1M · 0.50%

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Source: U.S. Department of Labor, Form 5500 series, EIN 680542082 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.