Plan Ledger DOL Form 5500 · updated monthly

Snell Motor Company, Inc.401(k)

SNELL MOTOR COMPANY 401(K) PLAN · DALLAS, TX · plan year 2024

Reported admin expense ratio · 2024
0.71%

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

Snell Motor Company, Inc. reported $77,952 in plan administrative expenses for 2024: 0.71% of average plan assets, higher than ~90% of peers. Employer contributions averaged $97 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 0.56% to 0.71%. 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 2,843rd-largest of 5,688 plans among Texas employers on file, and the 2,326th of 5,215 in retail trade. In 2024, employees put in $39.24 for every $1.00 the employer contributed; active participation has grown from 308 to 362 since 2022.

Plan summary
Net assets, end of year$11,658,509
Participants with balances473
Active participants362
Employer contributions$35,000
Employee contributions$1,373,405
Employer contribution per active participant$97
Average account balance$24,648
Benefits paid to participants$1,391,368
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$11.7M · 473 accts · $35K emplr
2023$10.3M · 418 accts · $27K emplr
2022$8.4M · 360 accts · $35K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,952
Total administrative$77,952
The Snell Motor Company, Inc. 401(k) match · 2024
Employer contribution per active participant$97
Median for plans this size$2,416
2024$97 per active participant
2023$82 per active participant
2022$114 per active participant

Snell Motor Company, 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 · 20244
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$27,890
DEFINITI LLC · Contract administrator$22,111
WHITLEY PENN · Accounting / audit$11,304

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$77,952 · 0.71%
2023$60,799 · 0.65%
2022$59,141 · 0.56%
Same employer
Similar plansRetail Trade · Texas
Fruit of the Earth TX$12.0M · 0.16%
Norwex USA Inc. TX$11.8M · 0.46%
Scoggin Dickey Chevrolet TX$11.6M · 0.60%
Grothues Brothers Holdings TX$11.6M · 0.03%
Neora, LLC TX$11.5M · 0.20%

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Source: U.S. Department of Labor, Form 5500 series, EIN 751429319 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.