Plan Ledger DOL Form 5500 · updated monthly

Young Chevrolet Cadillac, Inc.401(k)

YOUNG CHEVROLET 401(K) PLAN · OWOSSO, MI · plan year 2023

Reported admin expense ratio · 2023
0.37%

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

Young Chevrolet Cadillac, Inc. reported $53,421 in plan administrative expenses for 2023: 0.37% of average plan assets, above the peer median. Employer contributions averaged $532 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 0.38% to 0.00%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other retail trade employers. By assets it is the 1,222nd-largest of 2,619 plans among Michigan employers on file, and the 1,846th of 5,215 in retail trade. In 2023, employees put in $7.13 for every $1.00 the employer contributed; active participation has grown from 128 to 184 since 2022.

Plan summary
Net assets, end of year$15,648,505
Participants with balances117
Active participants184
Employer contributions$97,895
Employee contributions$698,230
Employer contribution per active participant$532
Average account balance$133,748
Benefits paid to participants$1,108,490
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS & KNOPF, PC
Plan history3
Yearassets · accounts · employer contribution
2024$15.3M · 116 accts · $10K emplr
2023$15.6M · 117 accts · $98K emplr
2022$13.5M · 120 accts · $132K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,358
Investment management$38,063
Total administrative$53,421
The Young Chevrolet Cadillac, Inc. 401(k) match · 2023
Employer contribution per active participant$532
Median for plans this size$2,440
2024$55 per active participant
2023$532 per active participant
2022$1,029 per active participant

Young Chevrolet Cadillac, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
STIFEL NICOLAUS & CO INC · Investment advisory (plan)$36,235
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$15,358

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$34 · 0.00%
2023$53,421 · 0.37%
2022$52,681 · 0.38%
Similar plansRetail Trade · Michigan
Hank Graff Chevrolet, Inc. MI$16.3M · 0.49%
Southgate Automotive, Inc. MI$15.9M · 0.03%
Air Lift Company MI$15.0M · 0.52%
Weller Auto Parts, Inc. MI$14.0M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382366521 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.