Randy Marion Chevrolet Buick Cadillac, LLC 401(k) Review & Grade
Randy Marion Automotive 401(k) Retirement Plan
Mooresville, NCRetail Trade886 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$496Employer $ per active participant
$3,870Employee $ saved per active participant
0.47%Direct admin cost, % of plan assets
$25.3MNet plan assets, end of year
$29,609Average balance per account
Score breakdown
- Employer generosity18.2 / 5036th percentile for employer $ per participant
- Low cost6.3 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1563th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 36th |
| Lower admin cost | 25th |
| Employee saving | 63th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $13,657 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Randy Marion Chevrolet Buick Cadillac put in about $496 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 (0.47% 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 | $439,120 |
| Participant (employee) contributions | $3,428,964 |
| Other contributions (incl. rollovers in) | $359,799 |
| Administrative expenses paid from the plan | $106,284 |
| Investment advisory & management fees | $54,186 |
| Benefits paid out | $1,798,385 |
| Net assets, start / end of year | $20.2M / $25.3M |
| Active participants, start / end of year | 707 / 1,065 |
| Participants with account balances | 854 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $52,098 reported compensation |
| Parkland Securities LLC | $44,168 reported compensation |
| Strategic Advisors, Inc. | $10,018 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014104349NAL0001234675001, received 2025-10-14, EIN 56-1710582, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.