Hendrick Automotive Group, LLC 401(k) Review & Grade
Hendrick Automotive Group 401(k) Plan
Charlotte, NCRetail Trade9,372 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,504Employer $ per active participant
$6,889Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$756.6MNet plan assets, end of year
$64,024Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 51th |
| Employee saving | 95th |
| Peers that auto-enroll | 42% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Hendrick Automotive Group put in about $1,504 per active participant, more than the typical peer ($650). 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 | $14,091,869 |
| Participant (employee) contributions | $64,560,341 |
| Other contributions (incl. rollovers in) | $1,497,391 |
| Administrative expenses paid from the plan | $836,273 |
| Other admin expenses | $836,273 |
| Benefits paid out | $67,481,968 |
| Net assets, start / end of year | $657.4M / $756.6M |
| Active participants, start / end of year | 9,187 / 9,556 |
| Participants with account balances | 11,818 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $553,399 reported compensation |
| Vanguard Advisers Inc. | $190,018 reported compensation |
| Creative Planning LLC | $65,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013071338NAL0000340963001, received 2025-10-13, EIN 56-1794980, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.