Plan Ledger DOL Form 5500 · updated monthly

Weld County Garage401(k)

WELD COUNTY GARAGE 401(K) PLAN · GREELEY, CO · plan year 2024

Reported admin expense ratio · 2024
0.62%

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

Weld County Garage reported $36,972 in plan administrative expenses for 2024: 0.62% of average plan assets, above the peer median. Employer contributions averaged $14 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 0.65% to 0.62%. 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 Colorado (978th of 1,461), and 3,445th of 5,215 in retail trade. In 2024, employees put in $234.79 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$6,193,011
Participants with balances231
Active participants220
Employer contributions$3,115
Employee contributions$731,370
Employer contribution per active participant$14
Average account balance$26,810
Benefits paid to participants$916,677
Plan auditUnmodified (clean) audit opinion
AuditorFORTNER BAYENS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$6.2M · 231 accts · $3K emplr
2023$5.7M · 219 accts
2022$5.9M · 221 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,972
Total administrative$36,972
The Weld County Garage 401(k) match · 2024
Employer contribution per active participant$14
Median for plans this size$1,313

Weld County Garage'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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$36,972
TRIAD ADVISORS INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$36,972 · 0.62%
2023$38,073 · 0.66%
2022$41,543 · 0.65%
Similar plansRetail Trade · Colorado
Sill-Terhar Motors, Inc. CO$6.3M · 0.25%
Source Management, Inc. CO$6.3M · 0.29%
Gorsuch, LTD. CO$6.0M · 0.21%
Growgeneration Corp CO$5.5M · 0.35%
Spradley Barr Ford, Inc. CO$5.5M · 1.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 840348620 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.