Plan Ledger DOL Form 5500 · updated monthly

Turner Automotive Corp.401(k)

TURNER AUTO GROUP 401K PLAN · HARRISBURG, PA · plan year 2023

Reported admin expense ratio · 2023
0.71%

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

Turner Automotive Corp. reported $44,909 in plan administrative expenses for 2023: 0.71% of average plan assets, above the peer median. Employer contributions averaged $1,032 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 0.67% to 0.71%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Pennsylvania (2,688th of 3,651), and 3,366th of 5,215 in retail trade. In 2023, employees put in $3.30 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,532,359
Participants with balances141
Active participants109
Employer contributions$112,446
Employee contributions$370,860
Employer contribution per active participant$1,032
Average account balance$46,329
Benefits paid to participants$780,524
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.3M · 152 accts · $111K emplr
2023$6.5M · 141 accts · $112K emplr
2022$6.1M · 137 accts · $119K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$6,567
Investment management$38,342
Total administrative$44,909
The Turner Automotive Corp. 401(k) match · 2023
Employer contribution per active participant$1,032
Median for plans this size$1,308
2024$1,114 per active participant
2023$1,032 per active participant
2022$1,034 per active participant

Turner Automotive Corp.'s 2023 employer contribution ran below the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
LETORT MANAGEMENT & TRUST CO. · Recordkeeping · Trustee$44,909

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

Recordkeeper by year2
2024LETORT MANAGEMENT & TRUST CO.
2023LETORT MANAGEMENT & TRUST CO.

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$45,658 · 0.71%
2023$44,909 · 0.71%
2022$44,845 · 0.67%
Same employer
Similar plansRetail Trade · Pennsylvania
Primitives by Kathy, Inc. PA$6.9M · 0.10%
The Rosado Group PA$6.7M · 0.09%
Shults Ford, Inc. PA$6.4M · 0.70%
Marwen, Inc. PA$6.3M · 0.62%

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Source: U.S. Department of Labor, Form 5500 series, EIN 231660234 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.