Ed Napleton Oak Lawn Imports, Inc. 401(k) Review & Grade

Ed Napleton Dealership Group 401(k) Plan

Oakbrook Terrace, ILRetail Trade2,010 active participantsPlan year 2024✓ Auto-enroll

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

$18Employer $ per active participant

$3,479Employee $ saved per active participant

0.62%Direct admin cost, % of plan assets

$46.8MNet plan assets, end of year

$24,136Average balance per account

Score breakdown

Employer generosity3.2 / 50
6th percentile for employer $ per participant
Low cost4.2 / 25
17th percentile for low admin cost vs. same-size plans
Employee saving8.8 / 15
59th percentile for employee $ per participant
Plan features10 / 10
Auto-enrollment, Default investment
Red-flag deductions-10 pts
1 issue reported on the filing

Total score16 / 100 · Grade F

This plan vs. peers

Peers: Retail Trade plans with 500–2,499 active participants (719 plans).

Measure	Percentile
Employer $ per participant	6th
Lower admin cost	17th
Employee saving	59th
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 ($96,212 reported). That's money taken from paychecks that sat with the employer longer than the law allows.

What to do if you're in this plan

Ed Napleton Oak Lawn Imports put in about $18 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 (0.62% 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	$35,689
Participant (employee) contributions	$6,995,170
Other contributions (incl. rollovers in)	$892,307
Administrative expenses paid from the plan	$274,233
Contract administrator fees	$274,233
Benefits paid out	$8,235,536
Net assets, start / end of year	$42.1M / $46.8M
Active participants, start / end of year	2,089 / 1,932
Participants with account balances	1,939
Auto-enrollment (feature code 2S)	Yes
Auditor	Cassell Plan Audits

Largest service providers (Schedule C)

Empower Annuity Insurance Co	$101,340 reported compensation
Mma Securities, LLC	$96,594 reported compensation
Empower Advisory Group,llc	$52,577 reported compensation

Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731102515NAL0005889761001, received 2025-07-31, EIN 36-3480707, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.