Plan Ledger DOL Form 5500 · updated monthly

Sioux Falls Ford, Inc.401(k)

SIOUX FALLS FORD, INC 401(K) PLAN · SIOUX FALLS, SD · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Sioux Falls Ford, Inc. reported $37,934 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,096 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 fell from 0.29% to 0.26%. 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 109th-largest of 233 plans among South Dakota employers on file, and the 1,834th of 5,215 in retail trade. In 2024, employees put in $3.43 for every $1.00 the employer contributed; active participation has grown from 239 to 293 since 2022.

Plan summary
Net assets, end of year$15,750,502
Participants with balances409
Active participants293
Employer contributions$321,030
Employee contributions$1,102,434
Employer contribution per active participant$1,096
Average account balance$38,510
Benefits paid to participants$725,898
Plan auditUnmodified (clean) audit opinion
AuditorBRADY MARTZ
Plan history3
Yearassets · accounts · employer contribution
2024$15.8M · 409 accts · $321K emplr
2023$13.6M · 375 accts · $308K emplr
2022$11.2M · 345 accts · $273K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,934
Total administrative$37,934
The Sioux Falls Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$1,096
Median for plans this size$2,416
2024$1,096 per active participant
2023$1,119 per active participant
2022$1,144 per active participant

Sioux Falls Ford, 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 · 20241
ASCENSUS LLC · Recordkeeping$37,934

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$37,934 · 0.26%
2023$34,177 · 0.28%
2022$34,177 · 0.29%
Same employer
Similar plansRetail Trade · South Dakota
Vern Eide Motorcars SD$31.6M · 0.53%
Karl's, Inc. SD$24.2M
T Graham Companies SD$19.6M · 0.06%
Moyle Petroleum Company SD$10.5M · 0.46%
County Fair, Inc. SD$8.5M · 0.23%
Lynn's, Inc. SD$7.5M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460438595 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.