Plan Ledger DOL Form 5500 · updated monthly

Woody Anderson Ford401(k)

WOODY ANDERSON FORD 401(K) PLAN · HUNTSVILLE, AL · plan year 2024

Reported admin expense ratio · 2024
0.07%

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

Woody Anderson Ford reported $5,905 in plan administrative expenses for 2024: 0.07% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,542 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 0.04% to 0.07%. 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 Alabama (492nd of 902), and 2,860th of 5,215 in retail trade. In 2024, employees put in $1.55 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$8,895,521
Participants with balances175
Active participants141
Employer contributions$358,426
Employee contributions$553,789
Employer contribution per active participant$2,542
Average account balance$50,832
Benefits paid to participants$724,286
Plan auditUnmodified (clean) audit opinion
AuditorHENDERSON, HUTCHERSON, MCCULLOUGH P
Plan history3
Yearassets · accounts · employer contribution
2024$8.9M · 175 accts · $358K emplr
2023$7.3M · 181 accts · $370K emplr
2022$5.4M · 182 accts · $305K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$3,700
Investment management$1,255
Total administrative$5,905
The Woody Anderson Ford 401(k) match · 2024
Employer contribution per active participant$2,542
Median for plans this size$1,313
2024$2,542 per active participant
2023$2,665 per active participant
2022$2,256 per active participant

Woody Anderson Ford's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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.

Administrative cost history3
2024$5,905 · 0.07%
2023$4,272 · 0.07%
2022$2,592 · 0.04%
Similar plansRetail Trade · Alabama
Cqm of Amenia LLC AL$10.3M · 0.04%
International Wines, Inc AL$9.6M · 0.51%
Mitchell Nissan, Inc. AL$9.1M · 0.20%
Bondy's Ford, Inc. AL$7.5M · 0.85%
Factory Connection, LLC AL$7.0M · 0.03%

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Source: U.S. Department of Labor, Form 5500 series, EIN 630367773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.