Plan Ledger DOL Form 5500 · updated monthly

Sutton Ford, Inc.401(k)

SUTTON AUTO TEAM RETIREMENT PLAN · MATTESON, IL · plan year 2024

Reported admin expense ratio · 2024
0.55%

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

Sutton Ford, Inc. reported $53,191 in plan administrative expenses for 2024: 0.55% of average plan assets, above the peer median. Employer contributions averaged $968 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 0.69% to 0.55%. 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 Illinois (2,339th of 3,702), and the 2,529th of 5,215 in retail trade. In 2024, employees put in $3.35 for every $1.00 the employer contributed; active participation has grown from 248 to 331 since 2022.

Plan summary
Net assets, end of year$10,577,491
Participants with balances241
Active participants331
Employer contributions$320,570
Employee contributions$1,074,384
Employer contribution per active participant$968
Average account balance$43,890
Benefits paid to participants$1,079,374
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.6M · 241 accts · $321K emplr
2023$8.9M · 246 accts · $293K emplr
2022$5.3M · 202 accts · $278K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,663
Investment management$23,528
Total administrative$53,191
The Sutton Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$968
Median for plans this size$1,313
2024$968 per active participant
2023$918 per active participant
2022$1,121 per active participant

Sutton Ford, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. 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 · 20242
CORRELL CO. · Recordkeeping$29,940
MESIROW FINANCIAL, INC. · Investment management$23,528

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

Recordkeeper by year2
2024CORRELL CO.
2023CORRELL CO.

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Administrative cost history3
2024$53,191 · 0.55%
2023$42,239 · 0.60%
2022$39,928 · 0.69%
Same employer
Similar plansRetail Trade · Illinois
Worden-Martin Inc IL$10.7M · 0.54%
The Glik Company IL$10.6M · 0.37%
Willowbrook Ford, Inc. IL$10.4M · 0.48%
Wickstrom Auto Group, Inc. IL$10.3M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363669281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.