Plan Ledger DOL Form 5500 · updated monthly

Superior Tire Service Inc401(k)

SUPERIOR TIRE SERVICE INC 401(K) PROFIT SHARING PLAN AND TRUST · SALEM, OR · plan year 2023

Reported admin expense ratio · 2023
0.24%

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

Superior Tire Service Inc reported $15,889 in plan administrative expenses for 2023: 0.24% of average plan assets, below the peer median. Employer contributions averaged $422 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 0.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Oregon (658th of 1,021), and 3,229th of 5,215 in retail trade. In 2023, employees put in $5.24 for every $1.00 the employer contributed; active participation has grown from 139 to 154 since 2022.

Plan summary
Net assets, end of year$7,184,259
Participants with balances108
Active participants154
Employer contributions$65,016
Employee contributions$340,753
Employer contribution per active participant$422
Average account balance$66,521
Benefits paid to participants$161,255
Plan auditUnmodified (clean) audit opinion
AuditorHOFFMAN, STEWART & SCHMIDT
Plan history3
Yearassets · accounts · employer contribution
2024$7.1M · 95 accts
2023$7.2M · 108 accts · $65K emplr
2022$6.1M · 111 accts · $67K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,889
Total administrative$15,889
The Superior Tire Service Inc 401(k) match · 2023
Employer contribution per active participant$422
Median for plans this size$1,308
2023$422 per active participant
2022$485 per active participant

Superior Tire Service Inc's 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
MULTNOMAH GROUP INC$1,992
INDEPENDENT RETIREMENT CONSULTING · Contract administrator$1,800

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$17,880 · 0.25%
2023$15,889 · 0.24%
2022$18,714 · 0.29%
Same employer
Similar plansRetail Trade · Oregon
Herzog-Meier Auto Center OR$8.3M · 0.53%
Ashland Food Cooperative OR$8.3M · 0.49%
Power Auto, Inc. OR$7.5M · 1.03%
Roberson Motors, Inc. OR$7.4M · 0.58%
Sunset Imports Inc. OR$6.8M · 0.08%
Jaj Enterprises, LLC OR$6.7M · 0.58%
Mini Pet Mart, Inc. OR$6.4M · 0.10%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930454110 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.