What are the fees in the Secor Auto Center Inc. 401(k) plan?

For plan year 2022, Secor Auto Center Inc. reported $2,154 in plan administrative expenses, or 0.06% of average plan assets — lower than ~75% of peers. Fund-level expense ratios are not included in public filings.

What is the average account balance in the Secor Auto Center Inc. 401(k)?

The average participant account balance was $45,700 for plan year 2022, based on 66 accounts.

Secor Auto Center Inc.401(k)

Name: Secor Auto Center Inc. 401(k) plan: Form 5500 data
Creator: U.S. Department of Labor

SECOR AUTO CENTER INC. 401(K) PROFIT SHARING PLAN · NEW LONDON, CT · plan year 2022

Reported admin expense ratio · 2022

0.06%

Secor Auto Center Inc. reported $2,154 in plan administrative expenses for 2022: 0.06% of average plan assets, lower than ~75% of peers. 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Connecticut (986th of 1,106), and 4,344th of 5,215 in retail trade.

Plan summary
Net assets, end of year$3,016,173
Participants with balances66
Active participants94
Employer contributions—
Employee contributions$177,713
Employer contribution per active participant—
Average account balance$45,700
Benefits paid to participants$68,333
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM, SMITH & BROWN, PC

What these fees cost you

Your balance

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1

2022$2,154 · 0.06%

Similar plansRetail Trade · Connecticut
Drust Markets, LLC CT$3.7M · 0.67%
Ct Gardens, LLC CT$3.4M · 0.09%
Hy Labonne & Sons, Inc CT$3.4M · 0.03%
Mitchells Auto Parts Inc CT$3.0M · 0.07%
Stephen Cadillac-Gmc, Inc. CT$2.9M · 0.03%
Goodwill of Western & Northern Connecticut, Inc. CT$2.8M · 0.19%
Bristol Supermarket LLC CT$2.7M · 0.58%
Euro Performance Cars, Inc. CT$2.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060813146 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.