Hudson Automotive Group 401(k) Review & Grade
Hudson Automotive Group 401(k) Retirement Plan
Daniel Island, SCRetail Trade3,216 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,506Employer $ per active participant
$5,389Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$92.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity39.3 / 5079th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 9th |
| Employee saving | 90th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Hudson Automotive Group put in about $1,506 per active participant, more than the typical peer ($650). 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.
- Direct plan expenses (0.64% of assets) are well above similar-size plans (0.12%). 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 | $4,844,368 |
| Participant (employee) contributions | $17,333,381 |
| Other contributions (incl. rollovers in) | $3,813,853 |
| Administrative expenses paid from the plan | $518,936 |
| Benefits paid out | $11,879,368 |
| Net assets, start / end of year | $69.8M / $92.3M |
| Active participants, start / end of year | 3,162 / 3,271 |
| Participants with account balances | 616 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bas Partners |
Largest service providers (Schedule C)
| The Finway Group | $346,657 reported compensation |
| Great-West Life & Annuity Insurance | $313,516 reported compensation |
| Kinwell LLC | $74,081 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013101539NAL0001683728001, received 2025-10-13, EIN 82-3482909, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.