Plan Ledger DOL Form 5500 · updated monthly

South Bay Ford401(k)

SOUTH BAY FORD, INC. AND FORD WEST 401(K) PLAN · HAWTHORNE, CA · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

South Bay Ford reported $46,313 in plan administrative expenses for 2024: 0.49% of average plan assets, below the peer median. Employer contributions averaged $815 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 3 years on file its reported administrative ratio has held roughly steady near 0.49%. 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 California (5,487th of 9,483), and 2,649th of 5,215 in retail trade. In 2024, employees put in $5.35 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$9,885,072
Participants with balances207
Active participants184
Employer contributions$150,000
Employee contributions$801,974
Employer contribution per active participant$815
Average account balance$47,754
Benefits paid to participants$1,194,295
Plan auditUnmodified (clean) audit opinion
AuditorROGERS CLEM & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 207 accts · $150K emplr
2023$9.0M · 204 accts · $150K emplr
2022$7.0M · 199 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,303
Investment management$24,010
Total administrative$46,313
The South Bay Ford 401(k) match · 2024
Employer contribution per active participant$815
Median for plans this size$1,313
2024$815 per active participant
2023$837 per active participant
2022$849 per active participant

South Bay Ford's 2024 employer contribution ran below the $1,313 median for plans its size. 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
TRANSAMERICA FINANCIAL LIFE INSURAN · Recordkeeping · Loan processing$22,302
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan) · Consulting$24,010

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$46,313 · 0.49%
2023$37,048 · 0.46%
2022$38,271 · 0.51%
Same employer
Similar plansRetail Trade · California
Concord Feed & Fuel, Inc. CA$10.0M · 0.01%
Samys Camera, Inc. CA$9.9M · 0.61%
Kiwico, Inc. CA$9.9M · 0.18%
Shift Technologies, Inc. CA$9.8M · 0.89%
My Chevrolet, Inc. CA$9.7M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 954451497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.