The Car Park, LLC 401(k) Review & Grade
The Car Park Retirement Savings Plan
Boise, IDTransportation & Warehousing1,366 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$29Employer $ per active participant
$249Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$2.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.9 / 504th percentile for employer $ per participant
- Low cost19.9 / 2580th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 80th |
| Employee saving | 2th |
| Peers that auto-enroll | 37% |
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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
- Car Park put in about $29 per active participant, below the typical peer ($1,070). 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.
- 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 | $40,135 |
| Participant (employee) contributions | $340,752 |
| Other contributions (incl. rollovers in) | $60,140 |
| Administrative expenses paid from the plan | $1,822 |
| Benefits paid out | $376,274 |
| Net assets, start / end of year | $2.2M / $2.5M |
| Active participants, start / end of year | 1,276 / 1,456 |
| Participants with account balances | 113 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250908113924NAL0019387377001, received 2025-09-08, EIN 61-1449606, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.