Don Quijote (USA) Co., LTD. 401(k) Review & Grade
Don Quijote (USA) Co., LTD. Profit-Sharing Retirement/individual Matched Savings Plan
Honolulu, HIRetail Trade1,964 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$850Employer $ per active participant
$2,298Employee $ saved per active participant
0.39%Direct admin cost, % of plan assets
$80.4MNet plan assets, end of year
$42,770Average balance per account
Score breakdown
- Employer generosity27.6 / 5055th percentile for employer $ per participant
- Low cost7.9 / 2532th percentile for low admin cost vs. same-size plans
- Employee saving5.8 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 32th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $942 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Don Quijote (USA) Co. put in about $850 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 (0.39% 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 | $1,669,760 |
| Participant (employee) contributions | $4,512,947 |
| Other contributions (incl. rollovers in) | $20,877 |
| Administrative expenses paid from the plan | $296,145 |
| Investment advisory & management fees | $72,677 |
| Other admin expenses | $7,539 |
| Benefits paid out | $6,979,911 |
| Net assets, start / end of year | $72.9M / $80.4M |
| Active participants, start / end of year | 1,972 / 1,956 |
| Participants with account balances | 1,880 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pension Assurance LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $197,929 reported compensation |
| LPL Financial LLC | $72,677 reported compensation |
| Pension Assurance LLP | $18,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010024202NAL0007210625001, received 2025-10-10, EIN 99-0150807, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.