Autocar, LLC 401(k) Review & Grade
Autocar, LLC Retirement Savings Plan
Hagerstown, INManufacturing748 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,755Employer $ per active participant
$3,959Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$37.4MNet plan assets, end of year
$57,871Average balance per account
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost9.8 / 2539th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 39th |
| Employee saving | 36th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $187,477 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Autocar put in about $1,755 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,311,588 |
| Participant (employee) contributions | $2,959,548 |
| Other contributions (incl. rollovers in) | $688,792 |
| Administrative expenses paid from the plan | $112,255 |
| Investment advisory & management fees | $76,225 |
| Benefits paid out | $6,143,910 |
| Net assets, start / end of year | $34.8M / $37.4M |
| Active participants, start / end of year | 776 / 719 |
| Participants with account balances | 647 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Brady Ware & Schoenfeld |
Largest service providers (Schedule C)
| RBC | $76,225 reported compensation |
| Adp, Inc. | $36,030 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015063522NAL0005505296001, received 2025-10-15, EIN 36-4429858, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.