Plan Ledger DOL Form 5500 · updated monthly

Sullivan Automotive Group, LLC401(k)

SULLIVAN AUTOMOTIVE GROUP 401(K) RETIREMENT PLAN · SANTA MONICA, CA · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Sullivan Automotive Group, LLC reported $58,347 in plan administrative expenses for 2024: 0.20% of average plan assets, below the peer median. Employer contributions averaged $370 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 0.29% to 0.20%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 2,678th-largest of 9,483 plans among California employers on file, and the 1,028th of 5,215 in retail trade. In 2024, employees put in $5.53 for every $1.00 the employer contributed; active participation has grown from 688 to 1,024 since 2022.

Plan summary
Net assets, end of year$30,017,786
Participants with balances879
Active participants1,024
Employer contributions$379,047
Employee contributions$2,095,657
Employer contribution per active participant$370
Average account balance$34,150
Benefits paid to participants$4,893,800
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$30.0M · 879 accts · $379K emplr
2023$28.5M · 556 accts · $274K emplr
2022$28.4M · 575 accts · $249K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$53,013
Total administrative$58,347
The Sullivan Automotive Group, LLC 401(k) match · 2024
Employer contribution per active participant$370
Median for plans this size$2,416
2024$370 per active participant
2023$353 per active participant
2022$362 per active participant

Sullivan Automotive Group, LLC's 2024 employer contribution ran below the $2,416 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 · 20243
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$27,982
ADP · Recordkeeping · Loan processing$12,674
ACTUARUAL BENEFITS. CORP · Recordkeeping · Loan processing$10,150

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

Recordkeeper by year2
2024ACTUARUAL BENEFITS. CORP, ADP, Transamerica
2023ACTUARIAL BENEFITS CORP., Transamerica

This plan has changed recordkeepers within these filings. If you left Sullivan Automotive Group, LLC 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$58,347 · 0.20%
2023$54,898 · 0.19%
2022$87,144 · 0.29%
Similar plansRetail Trade · California
Dick Browning, Inc. CA$31.0M · 0.48%
Criticalpoint Partners, LLC CA$30.1M · 0.63%
Ramos Oil Company, Inc. CA$29.9M · 0.31%
Torrid LLC CA$29.2M · 0.05%
Jim Burke Ford CA$28.8M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 208361355 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.