Department of Labor filing

LOCKHART AUTOMOTIVE GROUP, INC.

LOCKHART AUTOMOTIVE GROUP 401(K) PROFIT SHARING PLAN · For the plan year ended Dec 31, 2024

Public filing 2024 · received Oct 13, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

33filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$372

Reported employer contributions per active participant.

Higher than about 18% of comparable plans

#People in the filing

177

Active participants reported for 2024.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$111 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 67% of comparable plans

↗Investment performance

Not available

Plan assets changed 17.5%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202433out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions18th percentileTypical peer $921 · based on 863 comparable plans

Lower reported administrative expense67th percentileTypical peer $169 · based on 934 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2024, LOCKHART AUTOMOTIVE GROUP, INC. reported $65,880 in employer contributions across the plan and 177 active participants. That works out to $372 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy89%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 10.2%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 48.7%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context33/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $65,880
Participant contributions: $363,662
Other contributions: $36,340
Employer share of reported contributions: 15.3%
Beginning assets: $5,667,574
Ending assets: $6,660,808
Ending net assets: $6,622,400
Ending liabilities: $38,408
Total income: $1,369,512
Total expenses: $379,813
Administrative expenses: $21,796
Participant loans: Not reported

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$415

2023

$412

2024

$372

Plan-paid administrative expenses per participant

2022

$217

2023

$196

2024

$111

Active participants

2022

138

2023

155

2024

177

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2024	$372	177	6.7M	20251013130026NAL0001275617001
2023	$412	155	5.7M	20240802145246NAL0024236305001
2022	$415	138	4.9M	20230823134511NAL0007205313001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: Not stated in the filing
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 351284797-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1983
Industry: Retail trade
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2T3D3H

Current plan terms

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Filing ACK_ID20251013130026NAL0001275617001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗