Plan Ledger DOL Form 5500 · updated monthly

Tire Discounters, Inc.401(k)

TIRE DISCOUNTERS RETIREMENT SAVINGS PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Tire Discounters, Inc. reported $257,351 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~90% of peers. Employer contributions averaged $525 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 1.07% to 0.90%. 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 913th-largest of 3,295 plans among Ohio employers on file, and the 964th of 5,215 in retail trade. In 2024, employees put in $4.12 for every $1.00 the employer contributed; active participation has grown from 2,136 to 2,788 since 2022.

Plan summary
Net assets, end of year$32,623,742
Participants with balances2,516
Active participants2,788
Employer contributions$1,462,495
Employee contributions$6,032,727
Employer contribution per active participant$525
Average account balance$12,967
Benefits paid to participants$5,601,252
Plan auditUnmodified (clean) audit opinion
AuditorCLARK, SCHAEFER, HACKETT % CO.
Plan history3
Yearassets · accounts · employer contribution
2024$32.6M · 2,516 accts · $1.5M emplr
2023$24.8M · 2,108 accts · $1.4M emplr
2022$17.1M · 2,169 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$257,351
Total administrative$257,351
The Tire Discounters, Inc. 401(k) match · 2024
Employer contribution per active participant$525
Median for plans this size$2,416
2024$525 per active participant
2023$579 per active participant
2022$504 per active participant

Tire Discounters, 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 · Loan processing$257,351

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$257,351 · 0.90%
2023$181,772 · 0.87%
2022$186,077 · 1.07%
Same employer
Similar plansRetail Trade · Ohio
Marc Glassman, Inc. OH$34.4M · 0.26%
St Henry Tile Co., Inc OH$34.3M · 0.12%
Ferno-Washington, Inc. OH$33.1M · 0.09%
Brunswick Auto Mart, Inc. OH$32.8M · 0.08%
R & R, Inc. OH$31.4M · 0.47%
Leppo, Inc. OH$30.2M · 0.27%
True North Management, LLC OH$30.1M · 0.40%
McPc Holdings, Inc. OH$29.9M · 0.43%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 311101497 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.