Plan Ledger DOL Form 5500 · updated monthly

Sellers Auto Group, Inc.401(k)

SELLERS AUTO GROUP 401(K) PLAN · FARMINGTON HILLS, MI · plan year 2022

Reported admin expense ratio · 2022
0.65%

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

Sellers Auto Group, Inc. reported $35,802 in plan administrative expenses for 2022: 0.65% of average plan assets, above the peer median. Employer contributions averaged $1,855 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.

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 Michigan (2,002nd of 2,619), and 3,761st of 5,215 in retail trade. In 2022, employees put in $3.01 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,008,498
Participants with balances98
Active participants62
Employer contributions$114,998
Employee contributions$346,143
Employer contribution per active participant$1,855
Average account balance$51,107
Benefits paid to participants$442,162
Plan auditUnmodified (clean) audit opinion
AuditorGRANT, MILLMAN & JOHNSON, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $29K emplr
2022$5.0M · 98 accts · $115K emplr
Administrative expenses, itemized · 2022
Investment management$14,986
Professional / advisory$20,816
Total administrative$35,802
The Sellers Auto Group, Inc. 401(k) match · 2022
Employer contribution per active participant$1,855
Median for plans this size$1,114

Sellers Auto Group, Inc.'s 2022 employer contribution ran above the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023Not separately reported
2022$35,802 · 0.65%
Similar plansRetail Trade · Michigan
Schneider Tire Outlet MI$5.4M · 0.41%
Wolverine Truck Sales Inc MI$5.4M · 0.38%
Lakeside Surfaces, LLC MI$4.2M · 0.94%
Woodland Direct MI$4.2M · 0.46%

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Source: U.S. Department of Labor, Form 5500 series, EIN 464351235 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.