New Country Motor Car Group, Inc. 401(k) Review & Grade
New Country Motor Car Salary Deferral 401(k) Plan
Saratoga Springs, NYRetail Trade1,121 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$584Employer $ per active participant
$6,380Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$83.9MNet plan assets, end of year
$64,888Average balance per account
Score breakdown
- Employer generosity21.1 / 5042th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving14.0 / 1593th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 42th |
| Employee saving | 93th |
| 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 ($218,467 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- New Country Motor Car Group put in about $584 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 | $655,082 |
| Participant (employee) contributions | $7,152,538 |
| Other contributions (incl. rollovers in) | $475,727 |
| Administrative expenses paid from the plan | $227,802 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $64,786 |
| Benefits paid out | $7,334,227 |
| Net assets, start / end of year | $72.9M / $83.9M |
| Active participants, start / end of year | 1,105 / 1,137 |
| Participants with account balances | 1,293 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Teal, Becker & Chiaramonte Cpas PC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $147,516 reported compensation |
| Wilmington Trust National Assoc | $64,786 reported compensation |
| Teal Becker & Chiara | $15,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015082829NAL0004070193001, received 2025-10-15, EIN 14-1684418, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.