Plan Ledger DOL Form 5500 · updated monthly

Twin City Motors, Inc.401(k)

TWIN CITY MOTORS, INC. ASSET ACCUMULATION 401(K) RETIREMENT PLAN · ALCOA, TN · plan year 2024

Reported admin expense ratio · 2024
0.38%

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

Twin City Motors, Inc. reported $77,128 in plan administrative expenses for 2024: 0.38% of average plan assets, above the peer median. Employer contributions averaged $2,453 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 0.36% to 0.38%. 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 528th-largest of 1,496 plans among Tennessee employers on file, and the 1,387th of 5,215 in retail trade. In 2024, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$21,261,733
Participants with balances289
Active participants254
Employer contributions$623,029
Employee contributions$823,132
Employer contribution per active participant$2,453
Average account balance$73,570
Benefits paid to participants$1,594,159
Plan auditDisclaimer of opinion
AuditorVANCE CPA LLC
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 289 accts · $623K emplr
2023$19.3M · 282 accts · $677K emplr
2022$18.7M · 276 accts · $661K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,128
Total administrative$77,128
The Twin City Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$2,453
Median for plans this size$2,416
2024$2,453 per active participant
2023$2,699 per active participant
2022$2,800 per active participant

Twin City Motors, Inc.'s 2024 employer contribution ran above 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 · 20244
PSH RETIREMENT SERVICES, LLC$29,140
CAPITAL GROUP RETIREMENT PLAN SERVC$24,688
VANCE CPA$16,000
GORDON ASSET MANAGEMENT$15,000

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$77,128 · 0.38%
2023$74,080 · 0.39%
2022$72,543 · 0.36%
Same employer
Similar plansRetail Trade · Tennessee
Farrell Calhoun, Inc. TN$27.6M · 0.01%
Tri Star Services, LLC TN$25.0M · 0.76%
Nrb Group, LLC TN$21.7M · 0.55%
Mapco Express, Inc. TN$21.2M · 0.42%
City Enterprises, LLC TN$19.1M · 0.27%
Pilot Corporation TN$17.1M · 0.41%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620562541 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.