Plan Ledger DOL Form 5500 · updated monthly

Van Bortel Motor Car, Inc.401(k)

VAN BORTEL MOTOR CAR, INC. 401(K) PROFIT SHARING PLAN · VICTOR, NY · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Van Bortel Motor Car, Inc. reported $28,602 in plan administrative expenses for 2024: 0.36% of average plan assets, below the peer median. Employer contributions averaged $357 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 0.46% to 0.36%. 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 (3,834th of 5,648), and 2,928th of 5,215 in retail trade. In 2024, employees put in $9.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,526,398
Participants with balances161
Active participants227
Employer contributions$80,931
Employee contributions$801,953
Employer contribution per active participant$357
Average account balance$52,959
Benefits paid to participants$477,717
Plan auditUnmodified (clean) audit opinion
AuditorBOWERS & COMPANY CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 161 accts · $81K emplr
2023$7.2M · 149 accts · $73K emplr
2022$6.6M · 189 accts · $68K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,525
Trustee / custodial$25,077
Total administrative$28,602
The Van Bortel Motor Car, Inc. 401(k) match · 2024
Employer contribution per active participant$357
Median for plans this size$1,313
2024$357 per active participant
2023$305 per active participant
2022$298 per active participant

Van Bortel Motor Car, 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 AND TRUST · Trustee$30,438

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$28,602 · 0.36%
2023$32,636 · 0.47%
2022$32,473 · 0.46%
Similar plansRetail Trade · New York
Pipes & Shaw LLC NY$8.9M · 0.08%
Adorama Inc. NY$8.7M · 0.57%
Artsy NY$8.6M · 0.03%
Dutchess Cars LLC NY$8.6M · 0.69%
Buffalo Pharmacies Inc. NY$8.2M · 0.29%
Riverhead Auto Mall NY$8.2M · 0.93%
Tates Bake Shop, Inc. NY$8.1M · 0.15%
Himatsingka America, Inc. NY$8.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 161368966 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.