Plan Ledger DOL Form 5500 · updated monthly

Service Motor Company401(k)

SERVICE MOTOR COMPANY 401K PROFIT SHARING PLAN · DALE, WI · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

Service Motor Company reported $27,667 in plan administrative expenses for 2024: 0.34% of average plan assets, below the peer median. Employer contributions averaged $1,176 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 0.07% to 0.34%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Wisconsin (1,390th of 1,936), and 2,984th of 5,215 in retail trade. In 2024, employees put in $3.53 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,260,671
Participants with balances164
Active participants111
Employer contributions$130,525
Employee contributions$460,279
Employer contribution per active participant$1,176
Average account balance$50,370
Benefits paid to participants$1,732,489
Plan auditUnmodified (clean) audit opinion
AuditorKERBERROSE SC
Plan history3
Yearassets · accounts · employer contribution
2024$8.3M · 164 accts · $131K emplr
2023$8.1M · 196 accts · $130K emplr
2022$7.3M · 156 accts · $112K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,667
Audit (IQPA)$5,000
Total administrative$27,667
The Service Motor Company 401(k) match · 2024
Employer contribution per active participant$1,176
Median for plans this size$1,313
2024$1,176 per active participant
2023$984 per active participant
2022$1,067 per active participant

Service Motor Company's 2024 employer contribution ran below the $1,313 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 · 20243
NFP RETIREMENT INC. · Contract administrator$12,239
CAPITAL GROUP RETIREMENT PLAN SERVI · Loan processing$10,853
KERBERROSE S.C. · Accounting / audit$5,000

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$27,667 · 0.34%
2023$15,952 · 0.21%
2022$5,818 · 0.07%
Same employer
Similar plansRetail Trade · Wisconsin
Brickner Motors, Inc. WI$8.7M · 0.32%
Don Miller Inc. WI$8.0M · 0.19%
Toys for Trucks, Inc. WI$7.8M · 0.92%
Unbolt, Inc. WI$7.8M · 0.48%
Milaeger's Inc. WI$7.6M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391313896 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.