Plan Ledger DOL Form 5500 · updated monthly

Stewart Agency, Inc. D/B/A Earl Stewart Toyota North Palm Beach401(k)

EMPLOYEE BENEFIT PLAN OF STEWART AGENCY, INC. D/B/A EARL STEWART TOYOTA · LAKE PARK, FL · plan year 2024

Reported admin expense ratio · 2024
1.16%

Stewart Agency, Inc. D/B/A Earl Stewart Toyota North Palm Beach reported $66,015 in plan administrative expenses for 2024: 1.16% of average plan assets, higher than ~75% of peers. 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 1.16%. 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 Florida (2,269th of 3,644), and 3,422nd of 5,215 in retail trade. active participation has grown from 145 to 169 since 2022.

Plan summary
Net assets, end of year$6,305,407
Participants with balances164
Active participants169
Employer contributions—
Employee contributions$855,769
Employer contribution per active participant—
Average account balance$38,448
Benefits paid to participants$267,556
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 164 accts
2023$5.1M · 149 accts
2022$4.3M · 145 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,829
Investment management$11,093
Total administrative$66,015
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 · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$43,829
MERRILL LYNCH PIERCE FENNER & SMITH · Pension consulting · Investment advisory (plan)$22,173

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$66,015 · 1.16%
2023$53,373 · 1.13%
2022$50,092 · 1.11%
Similar plansRetail Trade · Florida
Proctor & Proctor, Inc. FL$6.6M · 0.74%
Plantation Sales, Inc. FL$6.5M · 0.02%
Ml Automotive Group LLC FL$6.3M · 0.24%
Nhp Innovations, LLC FL$6.2M · 0.51%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591556109 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.