Plan Ledger DOL Form 5500 · updated monthly

Sterling Automotive Group401(k)

STERLING AUTOMOTIVE GROUP 401(K) PLAN · OPELOUSAS, LA · plan year 2024

Reported admin expense ratio · 2024
0.66%

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

Sterling Automotive Group reported $56,557 in plan administrative expenses for 2024: 0.66% of average plan assets, above the peer median. Employer contributions averaged $436 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 fell from 0.88% to 0.66%. 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 Louisiana (458th of 884), and 2,812th of 5,215 in retail trade. In 2024, employees put in $2.66 for every $1.00 the employer contributed; active participation has grown from 355 to 751 since 2022.

Plan summary
Net assets, end of year$9,125,875
Participants with balances447
Active participants751
Employer contributions$327,682
Employee contributions$871,954
Employer contribution per active participant$436
Average account balance$20,416
Benefits paid to participants$1,064,675
Plan auditUnmodified (clean) audit opinion
AuditorKOLDER, SLAVEN & COMPANY, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 447 accts · $328K emplr
2023$8.1M · 367 accts · $319K emplr
2022$6.5M · 328 accts · $329K emplr
The Sterling Automotive Group 401(k) match · 2024
Employer contribution per active participant$436
Median for plans this size$1,313
2024$436 per active participant
2023$424 per active participant
2022$926 per active participant

Sterling Automotive Group'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 · 20247
NATIONWIDE · Investment management$26,906
PROACCOUNT · Investment advisory (participants)$10,814
NATIONWIDE · Investment management$2,491
MORGAN STANLEY SMITH BARNEY LLC · Investment managementindirect comp
MORGAN STANLEY SMITH BARNEY LLC · Investment managementindirect comp
MORGAN STANLEY SMITH BARNEY LL · Investment managementindirect comp
MORGAN STANLEY SMITH BARNEY LL · Investment managementindirect 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$56,557 · 0.66%
2023$68,671 · 0.94%
2022$57,775 · 0.88%
Same employer
Similar plansRetail Trade · Louisiana
Red River Motor Company LA$9.5M · 0.09%
Dixie Motors LLC LA$9.5M · 0.09%
Holmes Motors, LLC. LA$9.4M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721291076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.