Vern Eide Motorcars

5200 S LOUISE AVE SUITE 1

SIOUX FALLS, SD 57108

Latest Filing: 2023Financial Data Through: 2023Source: DOL Form 5500

Plan Data Available

Source-backed retirement-plan information is available to benchmark this dealership.

Report found

We found Vern Eide Motorcars's 401(k) profile.

Here's an honest preview of what's available on this profile. Scroll down for the full breakdown, or tell us who you are and we'll point you to the right next step.

What's available

3 of 6 sections

Participation trend· Holding Steady
Employer contribution benchmark· Ranked vs national peers
Fee analysis· Not reported on this filing
Asset performance trend· Needs 3+ filing years
Historical filings· 3 filing years
Recordkeeper· Not identified

Which best describes you?

The leading signal

Vern Eide Motorcars

Holding SteadyParticipation Rate · 3-Year Trend
55%actively saving · 2022 → 2023
Up 0.6 pts over 2 filings — holding steady. Sourced from DOL Form 5500.
2022
2023
No trend yet · Workforce footprint
Employer Contribution / Participant
$1,957
vs $852 National Median
Employer Percentile
Top 10%
Higher than 99% of peers
Where this sits vs national auto-dealer peers.

The participation rate is holding steady — no clear sign-up or opt-out swing over the period. Employer contribution per participant is at or above the median, confirming the engagement. A separate workforce-retention watch flags a sustained decline in active savers — participation strength is not the same as headcount stability.

Secondary context · Employer-contribution standing
Workhorse ↔ Racehorse
Top 10% Nationally
99th
percentile
WorkhorseRacehorse
Median

Benchmark Scorecard

Observable, source-backed metrics. No inferred grades or quality scores.

Employer Contribution / Participant
$1,957
vs $852 National Median
Top 10% Nationally

The lagging confirmation of plan health. Below median signals under-investment in workforce retention — the dollar has yet to follow the leading active-saver signal.

Participant Contribution / Participant
$6,584
vs Insufficient peer data
—
Contribute plan data

The leading signal of plan engagement. A rising trajectory precedes the lagging employer-contribution dollar; below median can signal gaps in auto-enrollment or plan design.

Plan Assets / Participant
$91,741
vs $48,309 National Median
Top 25% Nationally

How seasoned the workforce is. Below national median can also indicate higher-than-needed employee turnover.

Employer Contributions
$606,629
Latest source filing

Total annual employer contribution from the latest DOL filing.

Plan Assets
$28.4M
Latest source filing

The retirement pool employees are building. Larger pools reflect longer-tenured workforces.

Plan Participants
310
Latest source filing

Active employees covered by the plan — the scope of the dealership's retirement offering.

Local Dealerships with a More Competitive 401(k) Plan

Every comparable dealership we track in SD, ranked by employer contribution per participant. Names and locations are public; head-to-head contribution numbers unlock when you verify your dealership email.

1.Northtown, Inc.
YANKTON, SD • 51 mi
Contributes / participant
$4,429
2.Steven Lust Automotive
ABERDEEN, SD • 160 mi
Contributes / participant
$1,690
3.Iverson Chrysler Center, Inc
MITCHELL, SD • 64 mi
Contributes / participant
$1,603
4.Watertown
WATERTOWN, SD • 97 mi
Contributes / participant
$1,415
5.Jerry'S Auto Group
LENNOX, SD • 11 mi
Contributes / participant
$1,143
6.Billion Motors, Inc. Salary Deferral
SIOUX FALLS, SD • 1 mi
Contributes / participant
$1,116
7.Groton Ford, Llc
GROTON, SD • 150 mi
Contributes / participant
$1,085
8.Prostrollo Motor Company, Inc
MADISON, SD • 38 mi
Contributes / participant
$473
9.Prostrollo Motor Sales Inc
HURON, SD • 93 mi
Contributes / participant
$327
Dave Hahler
WEBSTER, SD • 132 mi
Ranking available

No credit card. Verify with your dealership work email and every contribution number in this list unblurs — plus your own full benchmark.

Source: U.S. Department of Labor Form 5500. Peer contribution amounts unlock with a verified dealership email or an advisor pass.

All-In Plan Cost

The total cost of running this plan — recordkeeping, administration, custody, advisory, and fiduciary fees — as a percentage of plan assets. Community-sourced from the dealership's own 408(b)(2) fee disclosure.

Not yet contributed

The all-in cost comes from a dealership's own fee disclosure. Verify your dealership email and contribute your plan data to publish it here — and unlock the benchmarked cost analysis.

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Peer Position

Where this dealership ranks on Employer Contribution / Participant across cohorts of similarly comparable dealerships.

National Auto Dealers
Top 10%
Higher than 99% of peers
4966 valid peers
SD Dealers
Top 10%
Higher than 100% of peers
32 valid peers
null Dealers
Insufficient peer data
Below 10 valid peers — ranking hidden
Contribute plan data
Similar-Size Dealers
Top 10%
Higher than 100% of peers
701 valid peers

How You Compare

A side-by-side read of this dealership’s plan against the national industry average — and the gap you need to close to reach the peer median.

Peer averages from the DOL Form 5500 national dataset, 2023

Employer Contribution / Participant
Annual employer match & profit share per active participant.
Your Plan$1,957
Industry Avg$8524966 peers
Gap vs Avg+$1,105(+130%)above avg
Percentile99th
Participant Contribution / Participant
Employee deferrals per active participant.
Your Plan$6,584
Industry AvgInsufficient peer dataContribute plan data
Gap vs AvgNo peer benchmark
Percentile—
Plan Assets / Participant
Total plan assets per active participant.
Your Plan$91,741
Industry Avg$48,3095605 peers
Gap vs Avg+$43,432(+90%)above avg
Percentile83th
Admin Cost / Participant
All-in administrative expenses per participant. Lower is better.
Your Plan—
Industry AvgInsufficient peer dataContribute plan data
Gap vs Avg—
Percentile—
Admin Cost (bps of Assets)
Admin expenses as basis points of plan assets. Lower is better.
Your Plan—
Industry AvgInsufficient peer dataContribute plan data
Gap vs Avg—
Percentile—
Fee-to-Outcome Ratio
Employer $ generated per $1 of admin spend. Higher is better.
Your Plan—
Industry AvgInsufficient peer dataContribute plan data
Gap vs Avg—
Percentile—

Engagement Trajectory

Active-saver trajectory is the leading signal; employer contribution is the lagging confirmation. Public filings from 2022 to 2024. Missing years are not interpolated.

202220232024080160240320
Fewer than three annual filings with usable values — no trend available for active-saver trajectory.
Years available: 2022, 2023, 2024

Reported Plan Data

The public filing record behind every metric on this page — for audit and trust.

Plan SponsorVERN EIDE MOTORCARS, INC.
Plan NameVERN EIDE MOTORCARS, INC. 401K PLAN
EIN Members460281291
Plan Number001
RecordkeeperNot yet contributed — contribute plan data
Waiting PeriodNot reported on this filing — contribute plan data
Trustee / Custodian—
Custodian Phone—
Recordkeeping Fees—
Latest Filing Year2023
Financial Data Year2023
Participants (active, EOY)310
Plan Assets$28.4M
Employer Contributions$606,629
Participant Contributions$2,040,919
Total Contributions$2,647,548
Plan Type401(k) + Profit Sharing + 401(m)
Source FormDOL Form 5500
Source Filing ID20241009102817NAL0010524947001
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Leadership & Contacts

Who runs Vern Eide Motorcars

Senior executives surfaced from public sources. Verify your access to view names and emails.

B••• E••••
Owner
P••• D••••
General Manager
M••• L••••
Director of Human Resources
T••• B••••
Director, Web
C••• O••••
Director, Education & Training
C••• S••••
Digital Operations and Marketing Director
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