Ciocca Ford of Quakertown Inc 401(k) Review & Grade
Ciocca Ford of Quakertown 401(k) Plan
Allentown, PARetail Trade1,572 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,353Employer $ per active participant
$4,467Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$57.9MNet plan assets, end of year
$28,684Average balance per account
Score breakdown
- Employer generosity36.2 / 5072th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 65th |
| Employee saving | 73th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $95,064 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ciocca Ford of Quakertown put in about $1,353 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.
- 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 | $2,126,675 |
| Participant (employee) contributions | $7,022,834 |
| Other contributions (incl. rollovers in) | $7,487,694 |
| Administrative expenses paid from the plan | $68,596 |
| Investment advisory & management fees | $5,687 |
| Benefits paid out | $5,605,122 |
| Net assets, start / end of year | $40.8M / $57.9M |
| Active participants, start / end of year | 1,189 / 1,955 |
| Participants with account balances | 2,017 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boyer & Ritter |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $38,909 reported compensation |
| Boyer & Ritter LLC | $24,000 reported compensation |
| Strategic Advisors, Inc. | $5,687 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923144501NAL0006469329001, received 2025-09-23, EIN 23-2715152, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.