Plan Ledger DOL Form 5500 · updated monthly

Village Motors, Inc.401(k)

VILLAGE MOTORS, INC. 401(K) PROFIT SHARING PLAN · BOSTON, MA · plan year 2024

Reported admin expense ratio · 2024
0.35%

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

Village Motors, Inc. reported $105,816 in plan administrative expenses for 2024: 0.35% of average plan assets, above the peer median. Employer contributions averaged $1,328 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 0.31% to 0.35%. 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 948th-largest of 2,726 plans among Massachusetts employers on file, and the 965th of 5,215 in retail trade. In 2024, employees put in $4.52 for every $1.00 the employer contributed; active participation has grown from 284 to 366 since 2022.

Plan summary
Net assets, end of year$32,598,702
Participants with balances539
Active participants366
Employer contributions$486,193
Employee contributions$2,197,665
Employer contribution per active participant$1,328
Average account balance$60,480
Benefits paid to participants$2,256,328
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.6M · 539 accts · $486K emplr
2023$28.1M · 518 accts · $530K emplr
2022$21.7M · 471 accts · $438K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,222
Investment management$42,524
Total administrative$105,816
The Village Motors, Inc. 401(k) match · 2024
Employer contribution per active participant$1,328
Median for plans this size$2,416
2024$1,328 per active participant
2023$1,515 per active participant
2022$1,544 per active participant

Village Motors, Inc.'s 2024 employer contribution ran below 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 · 20243
PINNACLE PENSION CONSULTANTS · Investment advisory (plan)$28,000
EMPOWER ADVISORY GROUP, LLC · Investment management$14,524

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$105,816 · 0.35%
2023$60,721 · 0.24%
2022$73,435 · 0.31%
Same employer
Similar plansRetail Trade · Massachusetts
Peabody Motor Sports, Inc. MA$38.1M · 0.08%
Princess House, Inc. MA$36.9M · 0.21%
Diesel Direct MA$33.9M · 0.53%
Potpourri Group, Inc. MA$31.1M · 0.22%
Newbury Comics, Inc. MA$29.6M · 0.14%

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Source: U.S. Department of Labor, Form 5500 series, EIN 042171239 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.