Plan Ledger DOL Form 5500 · updated monthly

Sloane Automotive Group401(k)

SLOANE AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN · GLENSIDE, PA · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Sloane Automotive Group reported $85,056 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $20 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 0.39% to 0.47%. 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 1,597th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,558th of 5,215 in retail trade. In 2024, employees put in $133.54 for every $1.00 the employer contributed; active participation has grown from 393 to 441 since 2022.

Plan summary
Net assets, end of year$18,791,895
Participants with balances363
Active participants441
Employer contributions$8,606
Employee contributions$1,149,216
Employer contribution per active participant$20
Average account balance$51,768
Benefits paid to participants$2,034,069
Plan auditUnmodified (clean) audit opinion
AuditorVOYNOW BAYARD WHYTE AND COMPANY LLP
Plan history3
Yearassets · accounts · employer contribution
2024$18.8M · 363 accts · $9K emplr
2023$17.6M · 441 accts
2022$15.7M · 396 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$62,954
Investment management$22,102
Total administrative$85,056
The Sloane Automotive Group 401(k) match · 2024
Employer contribution per active participant$20
Median for plans this size$2,416

Sloane Automotive Group'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 · 20242
NEWPORT GROUP, INC. · Loan processing · Recordkeeping$62,955
PNC INSTITUTIONAL ASSET MANAGEMENT · Investment advisory (plan)$22,102

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$85,056 · 0.47%
2023$72,421 · 0.43%
2022$66,061 · 0.39%
Same employer
Similar plansRetail Trade · Pennsylvania
Reedman-Toll, L.P. PA$20.2M · 0.27%
Craig Scott, Inc. PA$19.4M · 0.12%
Boyers Food Markets Inc. PA$19.2M · 0.02%
Allen Imports, LTD., Inc. PA$18.5M · 0.46%
Diehl Management, Inc. PA$18.3M · 0.51%
Goods Store, Inc. PA$17.7M · 0.01%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 232434079 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.