Plan Ledger DOL Form 5500 · updated monthly

Spartanburg Dodge, Inc.401(k)

BROWN AUTOMOTIVE RETIREMENT SAVINGS PLAN · SPARTANBURG, SC · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Spartanburg Dodge, Inc. reported $27,684 in plan administrative expenses for 2023: 0.22% of average plan assets, below the peer median. Employer contributions averaged $1,462 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 0.22% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 368th-largest of 807 plans among South Carolina employers on file, and the 2,126th of 5,215 in retail trade. In 2023, employees put in $2.26 for every $1.00 the employer contributed; active participation has grown from 242 to 269 since 2022.

Plan summary
Net assets, end of year$13,061,063
Participants with balances224
Active participants269
Employer contributions$393,250
Employee contributions$887,086
Employer contribution per active participant$1,462
Average account balance$58,308
Benefits paid to participants$1,614,784
Plan auditUnmodified (clean) audit opinion
AuditorHALLIDAY, SCHWARTZ & CO
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 204 accts · $541K emplr
2023$13.1M · 224 accts · $393K emplr
2022$11.7M · 213 accts · $707K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$27,684
Total administrative$27,684
The Spartanburg Dodge, Inc. 401(k) match · 2023
Employer contribution per active participant$1,462
Median for plans this size$2,440
2024$2,372 per active participant
2023$1,462 per active participant
2022$2,920 per active participant

Spartanburg Dodge, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$27,683
KESTRA INVESTMENT SERVICES LLC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$28,530 · 0.24%
2023$27,684 · 0.22%
2022$26,572 · 0.22%
Similar plansRetail Trade · South Carolina
Bestdrive, LLC SC$16.0M · 0.25%
Basware Inc SC$15.9M · 0.50%
Venture Inc of Beaufort SC$15.1M · 0.48%
Dodgeland of Columbia, Inc. SC$12.8M · 0.83%
Stokes Automotive, Inc. SC$12.5M · 0.54%
Hamricks, Inc. SC$11.2M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 570955718 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.