Austrian Motors Corp. 401(k) Review & Grade
Austrian Motors Corp. 401(k) Profit-Sharing Plan
Gaithersburg, MDRetail Trade528 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,384Employer $ per active participant
$6,017Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$64.1MNet plan assets, end of year
$103,364Average balance per account
Score breakdown
- Employer generosity36.6 / 5073th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 24th |
| Employee saving | 92th |
| Peers that auto-enroll | 48% |
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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
- Austrian Motors put in about $1,384 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 (0.49% 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.
- 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 | $731,578 |
| Participant (employee) contributions | $3,180,136 |
| Other contributions (incl. rollovers in) | $125,813 |
| Administrative expenses paid from the plan | $301,000 |
| Other admin expenses | $301,000 |
| Benefits paid out | $6,353,897 |
| Net assets, start / end of year | $59.3M / $64.1M |
| Active participants, start / end of year | 452 / 605 |
| Participants with account balances | 620 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Teal, Becker & Chiaramonte Cpa's PC |
Largest service providers (Schedule C)
| Proaccount | $121,300 reported compensation |
| Nationwide Trust Company, FSB | $107,382 reported compensation |
| Morgan Stanley | $89,967 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014081749NAL0005035426001, received 2025-10-14, EIN 52-1080846, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.