Courtesy Chevrolet 401(k) Review & Grade

Courtesy Automotive Group 401(k) Plan

Phoenix, AZRetail Trade707 active participantsPlan year 2024✓ Auto-enroll

Estimate from the plan's Form 5500 filing · How we grade

$653Employer $ per active participant

$4,416Employee $ saved per active participant

1.60%Direct admin cost, % of plan assets

$19.6MNet plan assets, end of year

$22,019Average balance per account

Score breakdown

Employer generosity22.8 / 50
46th percentile for employer $ per participant
Low cost0.6 / 25
2th percentile for low admin cost vs. same-size plans
Employee saving10.9 / 15
73th percentile for employee $ per participant
Plan features10 / 10
Auto-enrollment, Default investment
Red-flag deductions-13 pts
2 issues reported on the filing

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	46th
Lower admin cost	2th
Employee saving	73th
Peers that auto-enroll	48%

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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 ($219,328 reported). That's money taken from paychecks that sat with the employer longer than the law allows.

Corrective distributions: the plan refunded $6,321 in contributions, which usually means it failed annual nondiscrimination testing.

What to do if you're in this plan

Courtesy Chevrolet put in about $653 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 (1.60% 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.
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	$461,773
Participant (employee) contributions	$3,122,120
Other contributions (incl. rollovers in)	$156,304
Administrative expenses paid from the plan	$293,081
Contract administrator fees	$219,473
Investment advisory & management fees	$46,608
Benefits paid out	$3,176,597
Net assets, start / end of year	$17.0M / $19.6M
Active participants, start / end of year	757 / 657
Participants with account balances	891
Auto-enrollment (feature code 2S)	Yes
Auditor	Rogers, Clem & Company

Largest service providers (Schedule C)

Pinnacle Plan Design, LLC	$65,160 reported compensation
RBC Capital Markets Corp	$46,608 reported compensation
John Hancock Life Insurance Company	$0 reported compensation

Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014100602NAL0002475969001, received 2025-10-14, EIN 86-0123463, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.