Plan Ledger DOL Form 5500 · updated monthly

Sun Motor Cars, Inc.401(k)

SUN MOTOR CARS, INC. SAVINGS PLAN · MECHANICSBURG, PA · plan year 2024

Reported admin expense ratio · 2024
0.06%

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

Sun Motor Cars, Inc. reported $16,686 in plan administrative expenses for 2024: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $924 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 rose from 0.03% to 0.06%. 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 1,211th-largest of 3,651 plans among Pennsylvania employers on file, and the 1,068th of 5,215 in retail trade. In 2024, employees put in $5.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,980,435
Participants with balances316
Active participants274
Employer contributions$253,302
Employee contributions$1,364,596
Employer contribution per active participant$924
Average account balance$91,710
Benefits paid to participants$536,941
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.0M · 316 accts · $253K emplr
2023$24.6M · 325 accts · $208K emplr
2022$24.1M · 386 accts · $320K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,686
Total administrative$16,686
The Sun Motor Cars, Inc. 401(k) match · 2024
Employer contribution per active participant$924
Median for plans this size$2,416
2024$924 per active participant
2023$772 per active participant
2022$1,212 per active participant

Sun Motor Cars, Inc.'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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$16,685

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$16,686 · 0.06%
2023$7,750 · 0.03%
2022$8,296 · 0.03%
Same employer
Similar plansRetail Trade · Pennsylvania
Shipley Energy Company PA$34.8M · 0.29%
Pentec Health, Inc. PA$34.7M · 0.29%
Skh Management Co PA$26.4M · 0.04%
Lezzer Holdings, Inc. PA$26.2M · 0.35%
F.C. Haab Co., Inc. PA$25.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 232227302 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.