Plan Ledger DOL Form 5500 · updated monthly

Toyota of Santa Maria401(k)

TOYOTA & HONDA OF SANTA MARIA 401(K) PLAN & TRUST · SANTA MARIA, CA · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Toyota of Santa Maria reported $81,559 in plan administrative expenses for 2024: 0.62% of average plan assets, higher than ~75% of peers. Employer contributions averaged $362 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 0.66% to 0.62%. 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 4,538th-largest of 9,483 plans among California employers on file, and the 1,999th of 5,215 in retail trade. In 2024, employees put in $10.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,147,421
Participants with balances173
Active participants276
Employer contributions$100,000
Employee contributions$1,087,762
Employer contribution per active participant$362
Average account balance$81,777
Benefits paid to participants$1,143,860
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.1M · 173 accts · $100K emplr
2023$12.4M · 177 accts · $128K emplr
2022$9.9M · 160 accts · $200K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,718
Investment management$37,841
Audit (IQPA)$14,000
Total administrative$81,559
The Toyota of Santa Maria 401(k) match · 2024
Employer contribution per active participant$362
Median for plans this size$2,416
2024$362 per active participant
2023$437 per active participant
2022$778 per active participant

Toyota of Santa Maria'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 · 20244
MILLIMAN · Recordkeeping · Loan processing$29,718
CAPTRUST INVESTMENT ADVISORS · Investment advisory (participants) · Investment advisory (plan)$37,841
CALIBER AUDIT & ATTEST · Accounting / audit$14,000
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee (directed)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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Administrative cost history3
2024$81,559 · 0.62%
2023$73,783 · 0.66%
2022$68,312 · 0.66%
Same employer
Similar plansRetail Trade · California
Vintners Distributors, Inc. CA$14.5M · 0.52%
Bird Rides, Inc. CA$14.2M · 0.09%
Dean Vistnes MD Inc CA$13.9M · 0.03%
Zaheri Group CA$13.9M · 0.72%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952089293 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.