Plan Ledger DOL Form 5500 · updated monthly

Weymouth-Hingham Motor Sales, Inc. dba Toyota of Braintree401(k)

TUFANKJIAN AUTOMOTIVE GROUP 401(K) PLAN · BRAINTREE, MA · plan year 2022

Reported admin expense ratio · 2022
0.09%

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

Weymouth-Hingham Motor Sales, Inc. dba Toyota of Braintree reported $7,150 in plan administrative expenses for 2022: 0.09% of average plan assets, lower than ~75% of peers. Employer contributions averaged $574 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.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Massachusetts (2,051st of 2,726), and 3,035th of 5,215 in retail trade. In 2022, employees put in $9.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,025,399
Participants with balances79
Active participants122
Employer contributions$70,016
Employee contributions$657,459
Employer contribution per active participant$574
Average account balance$101,587
Benefits paid to participants$129,775
Plan auditUnmodified (clean) audit opinion
AuditorWITHUM SMITH &BROWN, PC
Administrative expenses, itemized · 2022
Investment management$6,300
Total administrative$7,150
The Weymouth-Hingham Motor Sales, Inc. dba Toyota of Braintree 401(k) match · 2022
Employer contribution per active participant$574
Median for plans this size$1,114

Weymouth-Hingham Motor Sales, Inc. dba Toyota of Braintree's 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$7,150 · 0.09%
Similar plansRetail Trade · Massachusetts
Texthelp Inc. MA$8.3M · 0.28%
Hydrow, Inc. MA$8.1M · 0.76%
Best Chevrolet, Inc. MA$8.1M · 0.59%
Evolved by Nature, Inc. MA$8.0M · 1.00%
Sentry Ford Lincoln, Inc. MA$7.7M · 0.29%

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Source: U.S. Department of Labor, Form 5500 series, EIN 043238724 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.