Plan Ledger DOL Form 5500 · updated monthly

Southern Auto Sales, Inc.401(k)

SOUTHERN AUTO SALES, INC. MASTER PROFIT SHARING PLAN · EAST WINDSOR, CT · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Southern Auto Sales, Inc. reported $138,581 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $3,178 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 0.39% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 397th-largest of 1,106 plans among Connecticut employers on file, and the 1,267th of 4,246 in wholesale trade. In 2024, employees put in $1.28 for every $1.00 the employer contributed; active participation has grown from 154 to 171 since 2022.

Plan summary
Net assets, end of year$32,695,904
Participants with balances212
Active participants171
Employer contributions$543,404
Employee contributions$693,321
Employer contribution per active participant$3,178
Average account balance$154,226
Benefits paid to participants$2,440,065
Plan auditUnmodified (clean) audit opinion
AuditorBOBROW & CO., PC
Plan history3
Yearassets · accounts · employer contribution
2024$32.7M · 212 accts · $543K emplr
2023$30.6M · 204 accts · $439K emplr
2022$28.8M · 206 accts · $389K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$56,937
Investment management$41,644
Audit (IQPA)$40,000
Total administrative$138,581
The Southern Auto Sales, Inc. 401(k) match · 2024
Employer contribution per active participant$3,178
Median for plans this size$2,416
2024$3,178 per active participant
2023$2,760 per active participant
2022$2,528 per active participant

Southern Auto Sales, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20246
PENSION CONSULTANTS, INC. · Recordkeeping · Pension consulting$12,690
BOBROW & COMPANY · Accounting / audit$40,000
BRADLEY, FOSTER & SARGENT, INC. · Investment management · Securities brokerage$33,851
UBS · Investment management$7,793
MML INVESTORSindirect comp

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

Recordkeeper by year2
2024PENSION CONSULTANTS, INC.
2023PENSION CONSULTANTS, INC.

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Administrative cost history3
2024$138,581 · 0.44%
2023$131,219 · 0.44%
2022$130,002 · 0.39%
Same employer
Similar plansWholesale Trade · Connecticut
Star Distributors, Inc. CT$36.7M · 0.47%
Nefco Holding Company LLC CT$34.1M · 0.13%
Osterman & Company, Inc. CT$33.7M · 0.00%
Acme United Corporation CT$25.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 060705740 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.