S&d Car Wash Management LLC 401(k) Review & Grade
Quick Quack Car Wash 401(k) Plan
Rocklin, CAOther Services2,886 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$642Employer $ per active participant
$1,126Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$19.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.3 / 5037th percentile for employer $ per participant
- Low cost1.3 / 255th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 5th |
| Employee saving | 20th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
Corrective distributions: the plan refunded $35,715 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- S&d Car Wash Management put in about $642 per active participant, below the typical peer ($1,132). 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.
- Direct plan expenses (0.94% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $1,853,256 |
| Participant (employee) contributions | $3,247,887 |
| Other contributions (incl. rollovers in) | $434,521 |
| Administrative expenses paid from the plan | $156,061 |
| Contract administrator fees | $140,698 |
| Benefits paid out | $1,389,608 |
| Net assets, start / end of year | $13.5M / $19.8M |
| Active participants, start / end of year | 3,150 / 2,621 |
| Participants with account balances | 765 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Gilbert Cpas |
Largest service providers (Schedule C)
| Associated Pension Consultants | $15,364 reported compensation |
| John Hancock | $7,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008164217NAL0003154691001, received 2025-10-08, EIN 20-1430083, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.