Plan Ledger DOL Form 5500 · updated monthly

Smith Automotive Group, LLC401(k)

SMITH AUTOMOTIVE GROUP 401(K) PLAN · MORROW, GA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Smith Automotive Group, LLC reported $18,754 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $540 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 0.96% to 0.48%. 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 Georgia (1,710th of 2,160), and 4,016th of 5,215 in retail trade. In 2024, employees put in $6.42 for every $1.00 the employer contributed; active participation has shrunk from 278 to 192 since 2022.

Plan summary
Net assets, end of year$4,114,775
Participants with balances253
Active participants192
Employer contributions$103,585
Employee contributions$665,496
Employer contribution per active participant$540
Average account balance$16,264
Benefits paid to participants$1,021,883
Plan history3
Yearassets · accounts · employer contribution
2024$4.1M · 253 accts · $104K emplr
2023$3.8M · 259 accts · $95K emplr
2022$3.2M · 258 accts · $98K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,362
Investment management$1,392
Total administrative$18,754
The Smith Automotive Group, LLC 401(k) match · 2024
Employer contribution per active participant$540
Median for plans this size$1,313
2024$540 per active participant
2023$367 per active participant
2022$352 per active participant

Smith Automotive Group, LLC's 2024 employer contribution ran below the $1,313 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
SENTRY LIFE INSURANCE COMPANY$17,362
MORNINGSTAR INVESTMENT MANAGEMENT$1,392

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$18,754 · 0.48%
2023$15,357 · 0.44%
2022$29,197 · 0.96%
Same employer
Similar plansRetail Trade · Georgia
Mashburn, LLC GA$4.9M · 0.08%
Stones, Inc. GA$4.4M · 0.01%
Courtesy Ford, Inc. GA$4.1M · 1.12%
Wade Ford, Inc. GA$4.0M · 0.36%
Augusta Sportswear, Inc. GA$3.9M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 831658487 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.