Plan Ledger DOL Form 5500 · updated monthly

Ruge's Auto Group, Inc.401(k)

RUGE'S AUTO GROUP 401(K) PROFIT SHARING PLAN · RHINEBECK, NY · plan year 2024

Reported admin expense ratio · 2024
1.02%

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

Ruge's Auto Group, Inc. reported $71,192 in plan administrative expenses for 2024: 1.02% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,352 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 0.90% to 1.02%. 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 New York (3,986th of 5,648), and 3,147th of 5,215 in retail trade. In 2024, employees put in $1.94 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,591,533
Participants with balances115
Active participants109
Employer contributions$256,318
Employee contributions$497,421
Employer contribution per active participant$2,352
Average account balance$66,013
Benefits paid to participants$233,078
Plan auditUnmodified (clean) audit opinion
AuditorWASCHITZ PAVLOFF CPA, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.6M · 115 accts · $256K emplr
2023$6.3M · 117 accts · $238K emplr
2022$4.9M · 127 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,180
Audit (IQPA)$20,000
Total administrative$71,192
The Ruge's Auto Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,352
Median for plans this size$1,313
2024$2,352 per active participant
2023$2,285 per active participant
2022$1,389 per active participant

Ruge's Auto Group, Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
WASCHITZ PAVLORFF CPA LLP · Accounting / audit$20,000
WILMINGTON TRUST, N.A.$16,662
N.A. FALCONE & ASSOCIATES, INC. · Contract administrator$9,710

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$71,192 · 1.02%
2023$59,540 · 1.06%
2022$55,217 · 0.90%
Similar plansRetail Trade · New York
Himatsingka America, Inc. NY$8.1M · 0.09%
Stoler of Westbury, Inc. NY$8.0M · 0.44%
Eataly USA, LLC NY$7.8M · 0.62%
Depaula Chevrolet, Inc. NY$7.3M · 0.01%
Hungryroot Inc. NY$7.3M · 0.07%
Brown's of Bellport, Inc. NY$7.1M · 0.78%
Saratoga Motors Inc NY$7.0M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 872552525 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.