Aaag Holdings, Inc. 401(k) Review & Grade
Aaag Holdings, Inc. 401(k) Plan
Carmel, INRetail Trade2,615 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4Employer $ per active participant
$1,152Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$14.1MNet plan assets, end of year
$10,110Average balance per account
Score breakdown
- Employer generosity2.2 / 504th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-15 pts2 issues reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 4th |
| Lower admin cost | 48th |
| Employee saving | 27th |
| Peers that auto-enroll | 42% |
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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 ($525,767 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Aaag Holdings put in about $4 per active participant, below the typical peer ($650). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $11,623 |
| Participant (employee) contributions | $3,012,407 |
| Other contributions (incl. rollovers in) | $925,115 |
| Administrative expenses paid from the plan | $15,538 |
| Benefits paid out | $1,253,674 |
| Net assets, start / end of year | $10.2M / $14.1M |
| Active participants, start / end of year | 2,397 / 2,833 |
| Participants with account balances | 1,391 |
| Auto-enrollment (feature code 2S) | Yes |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $15,538 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260817143648NAL0014075009001, received 2026-08-17, EIN 46-5654318, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.