Plan Ledger DOL Form 5500 · updated monthly

Ted Britt Ford Sales, Inc.401(k)

TED BRITT FORD SALES, INC. 401(K) PROFIT SHARING PLAN · FAIRFAX, VA · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Ted Britt Ford Sales, Inc. reported $107,046 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $1,935 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 0.31% to 0.38%. 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 747th-largest of 2,266 plans among Virginia employers on file, and the 1,041st of 5,215 in retail trade. In 2024, employees put in $3.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$29,763,583
Participants with balances475
Active participants318
Employer contributions$615,253
Employee contributions$2,085,238
Employer contribution per active participant$1,935
Average account balance$62,660
Benefits paid to participants$3,246,130
Plan auditUnmodified (clean) audit opinion
AuditorBENEFIT AUDIT GROUP, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$29.8M · 475 accts · $615K emplr
2023$26.7M · 464 accts · $692K emplr
2022$21.4M · 494 accts · $697K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$52,069
Investment management$41,277
Audit (IQPA)$13,200
Trustee / custodial$500
Total administrative$107,046
The Ted Britt Ford Sales, Inc. 401(k) match · 2024
Employer contribution per active participant$1,935
Median for plans this size$2,416
2024$1,935 per active participant
2023$2,233 per active participant
2022$2,068 per active participant

Ted Britt Ford Sales, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20243
NWPS · Loan processing$52,069
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (participants) · Investment advisory (plan)$41,277
BENEFIT AUDIT GROUP, LLC · Accounting / audit$13,200

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$107,046 · 0.38%
2023$91,169 · 0.38%
2022$70,066 · 0.31%
Same employer
Similar plansRetail Trade · Virginia
Tsrc, Inc. VA$39.3M · 0.45%
Gpm Investments, LLC VA$39.2M · 0.59%
Virginia Truck Center, Inc. VA$38.4M · 0.55%
Haley Buick Gmc Truck, Inc VA$28.4M · 0.47%
Meadows Farms, Inc. VA$28.1M · 0.10%
Sofie Network Inc. VA$25.0M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540652756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.