Plan Ledger DOL Form 5500 · updated monthly

Schaumburg Toyota, Inc.401(k)

SCHAUMBURG TOYOTA, INC. PROFIT SHARING AND 401(K) PLAN · SCHAUMBURG, IL · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Schaumburg Toyota, Inc. reported $7,333 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,207 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 0.024% to 0.022%. 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 1,222nd-largest of 3,702 plans among Illinois employers on file, and the 940th of 5,215 in retail trade. In 2024, employees put in $3.09 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,719,367
Participants with balances322
Active participants273
Employer contributions$602,407
Employee contributions$1,861,630
Employer contribution per active participant$2,207
Average account balance$104,719
Benefits paid to participants$3,312,680
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$33.7M · 322 accts · $602K emplr
2023$31.6M · 337 accts · $599K emplr
2022$27.0M · 323 accts · $603K emplr
The Schaumburg Toyota, Inc. 401(k) match · 2024
Employer contribution per active participant$2,207
Median for plans this size$2,416
2024$2,207 per active participant
2023$2,023 per active participant
2022$2,153 per active participant

Schaumburg Toyota, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241

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$7,333 · 0.02%
2023$7,336 · 0.03%
2022$7,073 · 0.02%
Same employer
Similar plansRetail Trade · Illinois
R.P. Lumber Co., Inc. IL$34.6M · 0.48%
I3 Group Inc. IL$34.1M · 0.06%
Lakes Venture, LLC IL$33.8M · 0.65%
Sam Leman I, LLC IL$33.7M · 0.33%
McGrath-Colosimo, LTD. IL$31.8M · 0.25%
Prairie State Tractor LLC IL$31.3M · 0.35%
Karl Knauz Motors, Inc. IL$30.9M · 0.00%
Currie/Curfin Motors IL$29.9M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362945116 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.