Plan Ledger DOL Form 5500 · updated monthly

Volvo Sales and Service401(k)

VOLVO SALES AND SERVICE 401(K) PLAN · LISLE, IL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Volvo Sales and Service reported $117,745 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $1,551 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 0.30% to 0.32%. 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 1,126th-largest of 3,702 plans among Illinois employers on file, and the 827th of 5,215 in retail trade. In 2024, employees put in $3.00 for every $1.00 the employer contributed; active participation has grown from 321 to 376 since 2022.

Plan summary
Net assets, end of year$38,385,094
Participants with balances437
Active participants376
Employer contributions$583,278
Employee contributions$1,747,028
Employer contribution per active participant$1,551
Average account balance$87,838
Benefits paid to participants$3,069,439
Plan auditUnmodified (clean) audit opinion
AuditorBOYER & RITTER LLC
Plan history3
Yearassets · accounts · employer contribution
2024$38.4M · 437 accts · $583K emplr
2023$34.6M · 496 accts · $546K emplr
2022$31.5M · 388 accts · $469K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$110,012
Investment management$7,733
Total administrative$117,745
The Volvo Sales and Service 401(k) match · 2024
Employer contribution per active participant$1,551
Median for plans this size$2,416
2024$1,551 per active participant
2023$1,528 per active participant
2022$1,460 per active participant

Volvo Sales and Service'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 · 20242
EMPOWER ADVISORY GROUP, LLC · Investment management$7,733

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$117,745 · 0.32%
2023$101,999 · 0.31%
2022$98,521 · 0.30%
Same employer
Similar plansRetail Trade · Illinois
W.S. Darley & Co. IL$44.7M · 0.23%
Ftd, LLC IL$42.1M · 0.23%
Barcodes, LLC IL$41.9M · 0.46%
Xeris Pharmaceuticals, Inc. IL$35.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362595957 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.