Triangle Auto Center, Inc. 401(k) Review & Grade
Craig Zinn Automotive Group 401(k) Retirement Plan
Hollywood, FLRetail Trade784 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$351Employer $ per active participant
$3,308Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$35.5MNet plan assets, end of year
$45,112Average balance per account
Score breakdown
- Employer generosity13.4 / 5027th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score31 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 23th |
| Employee saving | 56th |
| Peers that auto-enroll | 48% |
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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
- Triangle Auto Center put in about $351 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.
- Direct plan expenses (0.50% of assets) are well above similar-size plans (0.23%). 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 | $274,968 |
| Participant (employee) contributions | $2,595,180 |
| Other contributions (incl. rollovers in) | $1,255 |
| Administrative expenses paid from the plan | $168,973 |
| Contract administrator fees | $99,651 |
| Investment advisory & management fees | $42,783 |
| Benefits paid out | $4,285,864 |
| Net assets, start / end of year | $32.2M / $35.5M |
| Active participants, start / end of year | 765 / 804 |
| Participants with account balances | 788 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| John Hancock USA | $99,651 reported compensation |
| Raymond James Fsa Inc. | $42,783 reported compensation |
| Sentinel Benefits Group, Inc. | $26,539 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007165151NAL0002833107001, received 2025-10-07, EIN 59-1097850, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.