Ally Financial Inc. 401(k) Review & Grade
Ally Financial Inc. Retirement Savings Plan
Detroit, MIFinance & Insurance10,816 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$10,340Employer $ per active participant
$9,666Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$2.9BNet plan assets, end of year
$190,992Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving8.2 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 82th |
| Employee saving | 55th |
| Peers that auto-enroll | 74% |
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ally Financial put in about $10,340 per active participant, more than the typical peer ($5,179). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $111,846,109 |
| Participant (employee) contributions | $104,555,222 |
| Other contributions (incl. rollovers in) | $7,366,427 |
| Administrative expenses paid from the plan | $879,583 |
| Investment advisory & management fees | $571,948 |
| Other admin expenses | $5,035 |
| Benefits paid out | $284,234,780 |
| Net assets, start / end of year | $2.6B / $2.9B |
| Active participants, start / end of year | 10,999 / 10,634 |
| Participants with account balances | 15,056 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Deloitte & Touche LLP |
Largest service providers (Schedule C)
| Callan | $335,000 reported compensation |
| State Street Bank & Trust Company | $246,510 reported compensation |
| Invesco Advisers, Inc. | $236,948 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250925092737NAL0009015840001, received 2025-09-25, EIN 38-0572512, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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