Plan Ledger DOL Form 5500 · updated monthly

Zt Motors of Fort Walton, LP401(k)

ZT MOTORS 401(K) PLAN · FORT WALTON BEACH, FL · plan year 2024

Reported admin expense ratio · 2024
0.25%

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

Zt Motors of Fort Walton, LP reported $20,100 in plan administrative expenses for 2024: 0.25% of average plan assets, below the peer median. Employer contributions averaged $309 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 0.14% to 0.25%. 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 Florida (2,011th of 3,644), and 3,022nd of 5,215 in retail trade. In 2024, employees put in $5.49 for every $1.00 the employer contributed; active participation has grown from 236 to 425 since 2022.

Plan summary
Net assets, end of year$8,071,468
Participants with balances561
Active participants425
Employer contributions$131,349
Employee contributions$721,635
Employer contribution per active participant$309
Average account balance$14,388
Benefits paid to participants$1,608,397
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$8.1M · 561 accts · $131K emplr
2023$7.9M · 295 accts · $156K emplr
2022$8.0M · 355 accts · $286K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,100
Total administrative$20,100
The Zt Motors of Fort Walton, LP 401(k) match · 2024
Employer contribution per active participant$309
Median for plans this size$1,313
2024$309 per active participant
2023$721 per active participant
2022$1,211 per active participant

Zt Motors of Fort Walton, LP'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 · 20243
STIFEL NICOLAUS & COMPANY INC.indirect comp
UNITED BENEFIT PENSIONS, INC. · Other servicesindirect 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$20,100 · 0.25%
2023$32,470 · 0.41%
2022$13,040 · 0.14%
Similar plansRetail Trade · Florida
Jeunesse, LLC FL$8.1M · 0.47%
Bozard Ford Company FL$7.9M · 0.08%
Grace Wins, LLC FL$7.9M · 0.79%
Detwilers Operations Inc. FL$7.9M · 0.63%
L.P. Industries, Inc. FL$7.8M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 471873593 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.