Plan Ledger DOL Form 5500 · updated monthly

Star Auto Sales of Bayside Inc.401(k)

STAR TOYOTA 401K PLAN · BAYSIDE, NY · plan year 2024

Reported admin expense ratio · 2024
0.51%

Star Auto Sales of Bayside Inc. reported $23,329 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. 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 fell from 1.14% to 0.51%. 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 New York (4,486th of 5,648), and 3,785th of 5,215 in retail trade. active participation has grown from 44 to 56 since 2022.

Plan summary
Net assets, end of year$4,924,498
Participants with balances62
Active participants56
Employer contributions—
Employee contributions$264,338
Employer contribution per active participant—
Average account balance$79,427
Benefits paid to participants$475,216
Plan auditUnmodified (clean) audit opinion
AuditorSATTY LEVINE AND CIACCO CPAS PC
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 62 accts
2023$4.2M · 108 accts
2022$3.2M · 110 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,978
Investment management$2,351
Total administrative$23,329
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 · 20241
ADP, INC. · Loan processing · Recordkeeping$18,626

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

Recordkeeper by year2
2024ADP
2023ADP, CHAMPION CAPITAL CORPORATION

This plan has changed recordkeepers within these filings. If you left Star Auto Sales of Bayside Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$23,329 · 0.51%
2023$46,531 · 1.27%
2022$39,619 · 1.14%
Similar plansRetail Trade · New York
Bill Rapp, Inc. NY$5.0M · 0.70%
Murrays Cheese NY$4.9M · 0.51%
Jav Food Corp. NY$4.9M · 0.74%
Lifemd, Inc NY$4.7M · 1.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113279324 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.