Silvercar, Inc.Profit-sharing plan
SILVERCAR, INC. 401(K) PLAN · AUSTIN, TX · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Silvercar, Inc. reported $72,345 in plan administrative expenses for 2023: 0.87% of average plan assets, higher than ~75% of peers. Employer contributions averaged $5,937 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 0.80% to 0.88%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other real estate & leasing employers. By assets it is among the smaller plans on file in Texas (3,131st of 5,688), and 1,139th of 2,096 in real estate & leasing. In 2023, employees put in $1.93 for every $1.00 the employer contributed; active participation has shrunk from 248 to 118 since 2022.
Silvercar, Inc.'s 2023 employer contribution ran above the $1,308 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 454702768 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.