Plan Ledger DOL Form 5500 · updated monthly

Willowbrook Ford, Inc.401(k)

WILLOWBROOK FORD, INC. 401(K) PLAN · WILLOWBROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Willowbrook Ford, Inc. reported $46,658 in plan administrative expenses for 2024: 0.48% of average plan assets, below the peer median. Employer contributions averaged $1,066 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 0.59% to 0.48%. 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 Illinois (2,356th of 3,702), and the 2,556th of 5,215 in retail trade. In 2024, employees put in $3.72 for every $1.00 the employer contributed; active participation has grown from 122 to 164 since 2022.

Plan summary
Net assets, end of year$10,413,693
Participants with balances140
Active participants164
Employer contributions$174,868
Employee contributions$651,043
Employer contribution per active participant$1,066
Average account balance$74,384
Benefits paid to participants$353,871
Plan auditUnmodified (clean) audit opinion
AuditorSELDEN FOX, LTD.
Plan history3
Yearassets · accounts · employer contribution
2024$10.4M · 140 accts · $175K emplr
2023$8.8M · 127 accts · $311K emplr
2022$7.2M · 126 accts · $196K emplr
The Willowbrook Ford, Inc. 401(k) match · 2024
Employer contribution per active participant$1,066
Median for plans this size$1,313
2024$1,066 per active participant
2023$1,932 per active participant
2022$1,607 per active participant

Willowbrook Ford, Inc.'s 2024 employer contribution ran below the $1,313 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
TRANSAMERICA FINANCIAL LIFE INS CO · Recordkeeping · Loan processing$20,635
SOUTHEASTERN EMPLOYEE BENEFIT SERVI · Recordkeeping · Loan processing$2,175
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$23,860

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024SOUTHEASTERN EMPLOYEE BENEFIT SERVI, Transamerica
2023SOUTHEASTERN EMPLOYEE BENEFIT SERVI, Transamerica

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Administrative cost history3
2024$46,658 · 0.48%
2023$39,077 · 0.49%
2022$45,451 · 0.59%
Same employer
Similar plansRetail Trade · Illinois
Worden-Martin Inc IL$10.7M · 0.54%
The Glik Company IL$10.6M · 0.37%
Sutton Ford, Inc. IL$10.6M · 0.55%
Wickstrom Auto Group, Inc. IL$10.3M · 0.49%
J.A.K.Enterprises, Inc. IL$10.2M · 0.05%
Denman Services Inc. IL$9.9M · 0.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 363063579 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.