General Motors Financial Company, Inc 401(k) Review & Grade
GM Financial Employees 401k Plan
Fort Worth, TXFinance & Insurance6,996 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,736Employer $ per active participant
$8,433Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$128,367Average balance per account
Score breakdown
- Employer generosity27.8 / 5056th percentile for employer $ per participant
- Low cost22.2 / 2589th 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 score65 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 89th |
| Employee saving | 51th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,111 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- General Motors Financial Company put in about $4,736 per active participant, more than the typical peer ($4,489). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $33,129,026 |
| Participant (employee) contributions | $58,994,244 |
| Other contributions (incl. rollovers in) | $6,019,954 |
| Administrative expenses paid from the plan | $317,874 |
| Benefits paid out | $75,235,219 |
| Net assets, start / end of year | $904.3M / $1.1B |
| Active participants, start / end of year | 7,065 / 6,926 |
| Participants with account balances | 8,247 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst and Young LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $161,357 reported compensation |
| Alavarez and Marsal Tax and LLC | $156,085 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001084152NAL0031204178001, received 2025-10-01, EIN 75-2291093, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.