Plan Ledger DOL Form 5500 · updated monthly

Ryan Automotive, LLC401(k)

OPEN ROAD 401(K) PLAN · BRIDGEWATER, NJ · plan year 2024

Reported admin expense ratio · 2024
0.09%

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

Ryan Automotive, LLC reported $50,567 in plan administrative expenses for 2024: 0.09% of average plan assets, below the peer median. Employer contributions averaged $552 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 0.09%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 507th-largest of 2,419 plans among New Jersey employers on file, and the 554th of 5,215 in retail trade. In 2024, employees put in $9.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$61,400,172
Participants with balances1,324
Active participants990
Employer contributions$546,514
Employee contributions$5,379,839
Employer contribution per active participant$552
Average account balance$46,375
Benefits paid to participants$5,282,258
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$61.4M · 1,324 accts · $547K emplr
2023$54.3M · 1,325 accts · $528K emplr
2022$46.8M · 1,343 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$50,567
Total administrative$50,567
The Ryan Automotive, LLC 401(k) match · 2024
Employer contribution per active participant$552
Median for plans this size$3,635
2024$552 per active participant
2023$537 per active participant
2022$1,284 per active participant

Ryan Automotive, LLC's 2024 employer contribution ran below the $3,635 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 · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$50,567

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$50,567 · 0.09%
2023$69,341 · 0.14%
2022$275,375 · 0.55%
Same employer
Similar plansRetail Trade · New Jersey
Inserra Supermarkets, Inc. NJ$74.9M · 0.18%
Spencer Gifts LLC NJ$71.0M · 0.28%
Tumi, Inc. NJ$61.6M · 0.14%
Quick Chek Corporation NJ$61.0M · 0.21%
Ronetco Supermarkets, Inc. NJ$60.4M · 0.04%
Kuiken Brothers Co. Inc NJ$57.8M · 0.07%
Hudson Grouphg, Inc. NJ$53.5M · 0.78%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 223724696 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.