Plan Ledger DOL Form 5500 · updated monthly

Shottenkirk Automotive Group, Inc.401(k)

SHOTTENKIRK 401(K) RETIREMENT SAVINGS PLAN · WEST BURLINGTON, IA · plan year 2024

Reported admin expense ratio · 2024
0.03%

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

Shottenkirk Automotive Group, Inc. reported $10,400 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. Employer contributions averaged $273 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 0.02% to 0.03%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 234th-largest of 878 plans among Iowa employers on file, and the 784th of 5,215 in retail trade. In 2024, employees put in $9.40 for every $1.00 the employer contributed; active participation has grown from 712 to 1,651 since 2022.

Plan summary
Net assets, end of year$40,264,710
Participants with balances1,130
Active participants1,651
Employer contributions$450,136
Employee contributions$4,229,947
Employer contribution per active participant$273
Average account balance$35,632
Benefits paid to participants$4,578,824
Plan auditUnmodified (clean) audit opinion
AuditorHONKAMP PC
Plan history3
Yearassets · accounts · employer contribution
2024$40.3M · 1,130 accts · $450K emplr
2023$35.4M · 874 accts · $612K emplr
2022$27.6M · 655 accts · $439K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,400
Total administrative$10,400
The Shottenkirk Automotive Group, Inc. 401(k) match · 2024
Employer contribution per active participant$273
Median for plans this size$2,416
2024$273 per active participant
2023$596 per active participant
2022$616 per active participant

Shottenkirk Automotive Group, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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 · 20242
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$10,400
AMERIPRISE FINANCIAL SERVICES INCindirect comp

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$10,400 · 0.03%
2023$6,631 · 0.02%
2022$4,719 · 0.02%
Similar plansRetail Trade · Iowa
Bomgaars Supply, Inc. IA$52.7M · 0.41%
Willis Cadillac, Inc. IA$45.1M · 0.29%
Trivista Companies, Inc. IA$36.6M · 0.25%
Storey-Kenworthy Company IA$34.3M · 0.33%
Spahn & Rose Lumber Co. IA$34.3M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 800014964 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.