Plan Ledger DOL Form 5500 · updated monthly

Southeast Automotive Management, Inc.401(k)

SOUTHEAST AUTOMOTIVE MANAGEMENT, INC. 401(K) PROFIT SHARING PLAN · DAYTONA BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Southeast Automotive Management, Inc. reported $48,963 in plan administrative expenses for 2024: 0.29% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.29%. 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 1,271st-largest of 3,644 plans among Florida employers on file, and the 1,740th of 5,215 in retail trade.

Plan summary
Net assets, end of year$16,746,284
Participants with balances161
Active participants327
Employer contributions$0
Employee contributions$1,312,851
Employer contribution per active participant$0
Average account balance$104,014
Benefits paid to participants$2,774,738
Plan auditUnmodified (clean) audit opinion
AuditorBOLERJACK HALSEMA BOWLING & WHITE P
Plan history3
Yearassets · accounts · employer contribution
2024$16.7M · 161 accts
2023$16.5M · 168 accts
2022$13.7M · 170 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,909
Investment management$41,054
Total administrative$48,963
The Southeast Automotive Management, Inc. 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Southeast Automotive Management, 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 · 20242
HOLLAND ADVISORY SERVICES INC · Investment advisory (plan)$41,054
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$7,909

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$48,963 · 0.29%
2023$43,655 · 0.29%
2022$45,349 · 0.30%
Same employer
Similar plansRetail Trade · Florida
Curant Inc FL$17.1M · 0.04%
Tom Nehl Truck Company FL$16.9M · 0.19%
Bartow Ford Co. FL$15.8M · 0.19%
Fresco Retail Group LLC FL$15.7M · 0.35%
Great Healthworks, Inc. FL$15.6M · 0.47%
Nimnicht Management Company FL$15.3M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 203681684 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.