Anderson Automotive Group, LLC 401(k) Review & Grade
Anderson Automotive Group 401(k) Profit Sharing Plan
Raleigh, NCRetail Trade1,624 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$899Employer $ per active participant
$3,726Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$44.7MNet plan assets, end of year
$27,612Average balance per account
Score breakdown
- Employer generosity28.8 / 5058th percentile for employer $ per participant
- Low cost4.4 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 18th |
| Employee saving | 62th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,188 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Anderson Automotive Group put in about $899 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.60% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,459,999 |
| Participant (employee) contributions | $6,048,578 |
| Other contributions (incl. rollovers in) | $1,325,870 |
| Administrative expenses paid from the plan | $255,294 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $16,986 |
| Other admin expenses | $112,315 |
| Benefits paid out | $10,150,999 |
| Net assets, start / end of year | $40.7M / $44.7M |
| Active participants, start / end of year | 1,473 / 1,774 |
| Participants with account balances | 1,618 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brady, Martz & Associates, P.C. |
Largest service providers (Schedule C)
| Capfinancial Partners, LLC | $129,301 reported compensation |
| Fidelity Investments Institutional | $125,993 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915102915NAL0001243808001, received 2025-09-15, EIN 46-1152475, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.