Plan Ledger DOL Form 5500 · updated monthly

Schumacher Auto Group, Inc.401(k)

THE SCHUMACHER AUTOMOTIVE GROUP 401(K) PLAN · WEST PALM BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.10%

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

Schumacher Auto Group, Inc. reported $28,019 in plan administrative expenses for 2024: 0.10% of average plan assets, lower than ~75% of peers. Employer contributions averaged $411 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 0.05% to 0.10%. 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 835th-largest of 3,644 plans among Florida employers on file, and the 1,059th of 5,215 in retail trade. In 2024, employees put in $13.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,269,364
Participants with balances914
Active participants634
Employer contributions$260,650
Employee contributions$3,451,001
Employer contribution per active participant$411
Average account balance$32,023
Benefits paid to participants$4,012,599
Plan auditUnmodified (clean) audit opinion
AuditorCREEKMORE & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$29.3M · 914 accts · $261K emplr
2023$26.4M · 946 accts · $286K emplr
2022$22.0M · 935 accts · $298K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,019
Total administrative$28,019
The Schumacher Auto Group, Inc. 401(k) match · 2024
Employer contribution per active participant$411
Median for plans this size$2,416
2024$411 per active participant
2023$422 per active participant
2022$450 per active participant

Schumacher Auto 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 · 20242
LPL FINANCIAL LLCindirect comp

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$28,019 · 0.10%
2023$18,334 · 0.08%
2022$12,175 · 0.05%
Same employer
Similar plansRetail Trade · Florida
Duty Free Americas, Inc. FL$30.3M · 0.18%
Williamson Cadillac Company FL$29.9M · 0.81%
Allpro Corporation FL$28.7M · 0.76%
The Collection, LLC FL$27.9M · 0.08%
Pmc, LLC FL$27.3M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 590593470 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.