Aai, Inc. 401(k) Review & Grade
Anderson Auto Group 401(k) Profit Sharing Plan & Trust
Lincoln, NERetail Trade512 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$844Employer $ per active participant
$1,781Employee $ saved per active participant
0.57%Direct admin cost, % of plan assets
$13.7MNet plan assets, end of year
$47,652Average balance per account
Score breakdown
- Employer generosity27.4 / 5055th percentile for employer $ per participant
- Low cost4.8 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 55th |
| Lower admin cost | 19th |
| Employee saving | 30th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,136 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aai put in about $844 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $431,454 |
| Participant (employee) contributions | $911,219 |
| Other contributions (incl. rollovers in) | $276,965 |
| Administrative expenses paid from the plan | $70,148 |
| Investment advisory & management fees | $25,000 |
| Benefits paid out | $674,465 |
| Net assets, start / end of year | $10.9M / $13.7M |
| Active participants, start / end of year | 497 / 526 |
| Participants with account balances | 287 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Agsn, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $33,648 reported compensation |
| Gallagher Fiduciary Advisors LLC | $25,000 reported compensation |
| Agsn, P.C. | $11,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250909102923NAL0020101953001, received 2025-09-09, EIN 47-0769916, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.