Plan Ledger DOL Form 5500 · updated monthly

Tom Bush Volkswagen Inc401(k)

TOM BUSH COMPANIES 401K PLAN · JACKSONVILLE, FL · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Tom Bush Volkswagen Inc reported $45,533 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $2,021 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 0.21% to 0.26%. 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 1,156th-largest of 3,644 plans among Florida employers on file, and the 1,530th of 5,215 in retail trade. In 2024, employees put in $2.41 for every $1.00 the employer contributed; active participation has grown from 260 to 328 since 2022.

Plan summary
Net assets, end of year$19,049,567
Participants with balances356
Active participants328
Employer contributions$662,792
Employee contributions$1,595,052
Employer contribution per active participant$2,021
Average account balance$53,510
Benefits paid to participants$1,815,565
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.0M · 356 accts · $663K emplr
2023$16.5M · 369 accts · $696K emplr
2022$13.9M · 307 accts · $451K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,854
Investment management$19,679
Total administrative$45,533
The Tom Bush Volkswagen Inc 401(k) match · 2024
Employer contribution per active participant$2,021
Median for plans this size$2,416
2024$2,021 per active participant
2023$2,197 per active participant
2022$1,735 per active participant

Tom Bush Volkswagen 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$19,576
MORGAN STANLEY GLOBAL BA · Investment advisory (plan)$13,441
MORGAN STANLEY GLOBAL · Investment advisory (plan)$6,243

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$45,533 · 0.26%
2023$47,621 · 0.31%
2022$30,919 · 0.21%
Same employer
Similar plansRetail Trade · Florida
Sunshine Ace Hardware, Inc. FL$19.1M · 0.43%
Galati Yacht Sales, LLC FL$19.0M · 0.39%
A Beka Book, Inc. FL$18.5M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 591290731 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.