Plan Ledger DOL Form 5500 · updated monthly

Valley Motors, Inc.401(k)

FITZPATRICK DEALERSHIP GROUP 401(K) PLAN AND TRUST · MODESTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Valley Motors, Inc. reported $32,084 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $942 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 0.37% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in California (5,835th of 9,483), and 2,899th of 5,215 in retail trade. In 2024, employees put in $3.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,676,740
Participants with balances98
Active participants189
Employer contributions$178,054
Employee contributions$676,428
Employer contribution per active participant$942
Average account balance$88,538
Benefits paid to participants$343,741
Plan auditUnmodified (clean) audit opinion
AuditorATHERTON AND ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$8.7M · 98 accts · $178K emplr
2023$7.6M · 99 accts · $155K emplr
2022$6.5M · 92 accts · $146K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,993
Investment management$21,091
Total administrative$32,084
The Valley Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$942
Median for plans this size$1,313
2024$942 per active participant
2023$823 per active participant
2022$784 per active participant

Valley Motors, Inc.'s 2024 employer contribution ran below the $1,313 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
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$17,502
EMPOWER ADVISORY GROUP, LLC · Investment management$3,589

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$32,084 · 0.40%
2023$26,562 · 0.38%
2022$24,650 · 0.37%
Similar plansRetail Trade · California
Morphe, LLC CA$8.7M · 0.81%
Mendo Mill & Lumber Co. CA$8.7M · 0.90%
Pacific Best Inc. CA$8.7M · 0.45%
Putnam Automotive, Inc. CA$8.6M · 0.14%
Keslow Camera, Inc. CA$8.5M · 1.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911950122 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.