Kendall Dealership Holdings, LLC 401(k) Review & Grade
Kendall Automotive Group Employees' Retirement Plan
Meridian, IDRetail Trade2,260 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$239Employer $ per active participant
$4,047Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$80.2MNet plan assets, end of year
$36,587Average balance per account
Score breakdown
- Employer generosity9.0 / 5018th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 52th |
| Employee saving | 66th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($19,885 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $204,321 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kendall Dealership Holdings put in about $239 per active participant, below the typical peer ($743). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $540,002 |
| Participant (employee) contributions | $9,144,946 |
| Other contributions (incl. rollovers in) | $947,906 |
| Administrative expenses paid from the plan | $161,149 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $52,861 |
| Benefits paid out | $9,339,545 |
| Net assets, start / end of year | $69.3M / $80.2M |
| Active participants, start / end of year | 1,898 / 2,621 |
| Participants with account balances | 2,192 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jones & Roth, PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $108,288 reported compensation |
| Morgan Stanley Smith Barney LLC | $52,861 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250915132144NAL0000743939001, received 2025-09-15, EIN 20-0641188, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.