Frank Fletcher Auto Group, LLC D/B/A Frank Fletcher Group 401(k) Review & Grade
The Frank Fletcher Group 401(k) Plan
Sherwood, ARRetail Trade676 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$299Employer $ per active participant
$3,394Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$24.0MNet plan assets, end of year
$34,772Average balance per account
Score breakdown
- Employer generosity11.4 / 5023th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue 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 | 23th |
| Lower admin cost | 14th |
| Employee saving | 57th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $33,309 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Frank Fletcher Auto Group, LLC D/B/A Frank Fletcher Group put in about $299 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 (0.67% 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 | $202,242 |
| Participant (employee) contributions | $2,292,421 |
| Other contributions (incl. rollovers in) | $58,080 |
| Administrative expenses paid from the plan | $152,564 |
| Contract administrator fees | $152,564 |
| Benefits paid out | $3,279,191 |
| Net assets, start / end of year | $21.7M / $24.0M |
| Active participants, start / end of year | 685 / 666 |
| Participants with account balances | 690 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Frost, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $152,564 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919095949NAL0002351665001, received 2025-09-19, EIN 71-0861100, plan #333, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.