Plan Ledger DOL Form 5500 · updated monthly

Star Nissan401(k)

BERMAN AUTO GROUP 401(K) PLAN · NILES, IL · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Star Nissan reported $4,975 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. 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 0.055%. 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 Illinois (2,468th of 3,702), and 2,818th of 5,215 in retail trade.

Plan summary
Net assets, end of year$9,096,841
Participants with balances256
Active participants268
Employer contributions$0
Employee contributions$585,848
Employer contribution per active participant$0
Average account balance$35,535
Benefits paid to participants$1,412,978
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 256 accts
2023$8.9M · 231 accts
2022$7.0M · 193 accts · $1K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,974
Investment management$1
Total administrative$4,975
The Star Nissan 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Star Nissan's 2024 employer contribution ran below the $1,313 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$4,974

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$4,975 · 0.06%
2023$4,662 · 0.06%
2022$4,538 · 0.06%
Similar plansRetail Trade · Illinois
Hammacher Schlemmer IL$9.5M · 0.01%
Butera Finer Foods, Inc. IL$9.4M · 0.27%
J.B. Sullivan, Inc. IL$9.1M · 0.81%
Atl Tire Services, LLC IL$9.1M · 0.36%
O'Brien Auto Team, Inc. IL$9.0M · 0.98%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364032069 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.