Plan Ledger DOL Form 5500 · updated monthly

Three Brothers Imports Hy, L.L.C. and Three Brothers Luxury, L.L.C.401(k)

3 BROTHERS LUXURY AND IMPORT 401(K) PLAN · METAIRIE, LA · plan year 2024

Reported admin expense ratio · 2024
0.53%

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

Three Brothers Imports Hy, L.L.C. and Three Brothers Luxury, L.L.C. reported $47,862 in plan administrative expenses for 2024: 0.53% of average plan assets, below the peer median. Employer contributions averaged $770 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 0.68% to 0.53%. 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 Louisiana (455th of 884), and 2,800th of 5,215 in retail trade. In 2024, employees put in $7.20 for every $1.00 the employer contributed; active participation has grown from 164 to 201 since 2022.

Plan summary
Net assets, end of year$9,211,731
Participants with balances212
Active participants201
Employer contributions$154,671
Employee contributions$1,113,446
Employer contribution per active participant$770
Average account balance$43,452
Benefits paid to participants$2,136,482
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$9.2M · 212 accts · $155K emplr
2023$8.9M · 264 accts · $149K emplr
2022$5.4M · 203 accts · $127K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,862
Total administrative$47,862
The Three Brothers Imports Hy, L.L.C. and Three Brothers Luxury, L.L.C. 401(k) match · 2024
Employer contribution per active participant$770
Median for plans this size$1,313
2024$770 per active participant
2023$663 per active participant
2022$777 per active participant

Three Brothers Imports Hy, L.L.C. and Three Brothers Luxury, L.L.C.'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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,862
USI SECURITIES INC · Other servicesindirect comp

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$47,862 · 0.53%
2023$35,519 · 0.50%
2022$34,691 · 0.68%
Similar plansRetail Trade · Louisiana
Red River Motor Company LA$9.5M · 0.09%
Dixie Motors LLC LA$9.5M · 0.09%
Holmes Motors, LLC. LA$9.4M · 0.57%
Sterling Automotive Group LA$9.1M · 0.66%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270284531 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.