Commercial Tire, Inc. 401(k) Review & Grade
Commercial Tire, Inc. Profit Sharing 401(k) Plan
Meridian, IDRetail Trade686 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$474Employer $ per active participant
$3,030Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$21.2MNet plan assets, end of year
$27,897Average balance per account
Score breakdown
- Employer generosity17.5 / 5035th percentile for employer $ per participant
- Low cost5.1 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving7.6 / 1551th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default 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 | 35th |
| Lower admin cost | 20th |
| Employee saving | 51th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,817 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Commercial Tire put in about $474 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 (0.55% 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $325,165 |
| Participant (employee) contributions | $2,079,997 |
| Other contributions (incl. rollovers in) | $448,964 |
| Administrative expenses paid from the plan | $111,016 |
| Contract administrator fees | $111,016 |
| Benefits paid out | $3,336,723 |
| Net assets, start / end of year | $19.3M / $21.2M |
| Active participants, start / end of year | 709 / 664 |
| Participants with account balances | 761 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ripley Doorn & Company, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $111,016 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007100213NAL0002364691001, received 2025-10-07, EIN 82-0289818, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.