Plan Ledger DOL Form 5500 · updated monthly

Shelor Motor Mile, Inc.401(k)

SHELOR AUTOMOTIVE GROUP 401(K) PLAN & PROFIT SHARING TRUST · CHRISTIANSBURG, VA · plan year 2024

Reported admin expense ratio · 2024
0.58%

Shelor Motor Mile, Inc. reported $119,424 in plan administrative expenses for 2024: 0.58% of average plan assets, higher 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.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 922nd-largest of 2,266 plans among Virginia employers on file, and the 1,734th of 4,246 in wholesale trade.

Plan summary
Net assets, end of year$22,263,029
Participants with balances541
Active participants425
Employer contributions—
Employee contributions$1,676,229
Employer contribution per active participant—
Average account balance$41,152
Benefits paid to participants$748,404
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.3M · 541 accts
2023$18.9M · 502 accts
2022$15.4M · 525 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$72,979
Investment management$46,445
Total administrative$119,424
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 · 20244
ADP, INC. · Loan processing · Recordkeeping$73,428
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$45,995
CHARLES SCHWAB INVESTMENT MGMT INC. · Securities brokerage$83
ADP BROKER-DEALER · Other servicesindirect comp

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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Administrative cost history3
2024$119,424 · 0.58%
2023$101,129 · 0.59%
2022$95,902 · 0.59%
Same employer
Similar plansWholesale Trade · Virginia
Vamac, Incorporated VA$26.1M · 0.17%
Arco Innovations, Inc VA$25.6M · 0.46%
Value Added Distributors VA$24.3M · 0.39%
Korber Technologies, Inc VA$24.0M · 0.31%
N.B. Handy Company, Inc. VA$22.3M · 0.30%
Afp Industries, Inc. VA$17.6M · 0.40%
Guernsey, Inc. VA$17.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542034939 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.