West Jeff Auto Sales 401(k) Review & Grade
West Jeff Auto Sales D/B/A Hawk Auto 401(k) Plan
Westmont, ILRetail Trade567 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$563Employer $ per active participant
$3,251Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$16.5MNet plan assets, end of year
$53,135Average balance per account
Score breakdown
- Employer generosity20.1 / 5040th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 19th |
| Employee saving | 55th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $30,861 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- West Jeff Auto Sales put in about $563 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 (0.57% 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 | $319,299 |
| Participant (employee) contributions | $1,843,187 |
| Other contributions (incl. rollovers in) | $32,568 |
| Administrative expenses paid from the plan | $85,526 |
| Investment advisory & management fees | $51,292 |
| Benefits paid out | $1,505,415 |
| Net assets, start / end of year | $13.5M / $16.5M |
| Active participants, start / end of year | 612 / 522 |
| Participants with account balances | 310 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cassell Plan Audits Inc |
Largest service providers (Schedule C)
| Adp, Inc. | $34,234 reported compensation |
| Resources Investment Advisors, Inc. | $27,029 reported compensation |
| Wayne Hummer Investments, LLC | $24,262 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009053051NAL0010368160001, received 2025-10-09, EIN 82-0578220, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.