Plan Ledger DOL Form 5500 · updated monthly

Van Bortel Ford, Inc.401(k)

VAN BORTEL FORD, INC. 401(K) PROFIT SHARING PLAN · EAST ROCHESTER, NY · plan year 2024

Reported admin expense ratio · 2024
0.43%

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

Van Bortel Ford, Inc. reported $26,151 in plan administrative expenses for 2024: 0.43% of average plan assets, below the peer median. Employer contributions averaged $307 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 3 years on file its reported administrative ratio has held roughly steady near 0.43%. 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 New York (4,281st of 5,648), and 3,482nd of 5,215 in retail trade. In 2024, employees put in $9.29 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,036,017
Participants with balances95
Active participants164
Employer contributions$50,366
Employee contributions$467,774
Employer contribution per active participant$307
Average account balance$63,537
Benefits paid to participants$1,321,655
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$6.0M · 95 accts · $50K emplr
2023$6.0M · 100 accts · $50K emplr
2022$5.4M · 119 accts · $40K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,950
Trustee / custodial$24,201
Total administrative$26,151
The Van Bortel Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$307
Median for plans this size$1,313
2024$307 per active participant
2023$318 per active participant
2022$259 per active participant

Van Bortel Ford, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20241
CANANDAIGUA NATIONAL BANK & TRUST · Trustee$26,151

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$26,151 · 0.43%
2023$23,619 · 0.41%
2022$25,632 · 0.44%
Same employer
Similar plansRetail Trade · New York
Lithic, Inc. NY$6.3M · 0.12%
Total Care Rx NY$6.3M · 0.10%
Thom Browne Inc NY$6.2M · 0.33%
Foot Locker Retail, Inc. NY$5.7M · 0.44%
Bally Americas Inc. NY$5.7M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161609363 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.