Plan Ledger DOL Form 5500 · updated monthly

Sellers Automotive, Inc.401(k)

SELLERS GM 401(K) PROFIT SHARING PLAN · FARMINGTON HILLS, MI · plan year 2022

Reported admin expense ratio · 2022
0.61%

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

Sellers Automotive, Inc. reported $49,120 in plan administrative expenses for 2022: 0.61% of average plan assets, above the peer median. Employer contributions averaged $1,686 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 (1,817th of 2,619), and 3,282nd of 5,215 in retail trade. In 2022, employees put in $3.15 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,843,044
Participants with balances138
Active participants119
Employer contributions$200,691
Employee contributions$631,718
Employer contribution per active participant$1,686
Average account balance$49,587
Benefits paid to participants$1,875,493
Plan auditUnmodified (clean) audit opinion
AuditorGRANT, MILLMAN & JOHNSON, P.C.
Plan history2
Yearassets · accounts · employer contribution
2023$0 · $45K emplr
2022$6.8M · 138 accts · $201K emplr
Administrative expenses, itemized · 2022
Investment management$22,743
Professional / advisory$26,377
Total administrative$49,120
The Sellers Automotive, Inc. 401(k) match · 2022
Employer contribution per active participant$1,686
Median for plans this size$1,114

Sellers Automotive, 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$49,120 · 0.61%
Similar plansRetail Trade · Michigan
Gorno Ford MI$7.1M · 0.24%
Sundance Chevrolet Inc MI$7.0M · 0.08%
Jays Outdoors LLC MI$6.8M · 0.57%
Leppink's, Inc. MI$6.7M · 0.71%

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Source: U.S. Department of Labor, Form 5500 series, EIN 832479985 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.