Southeast Texas Classic Automotive, Inc. 401(k) Review & Grade
Southeast Texas Classic Automotive, Inc. 401(k) Profit Sharing Plan
Beaumont, TXRetail Trade530 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$723Employer $ per active participant
$5,176Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$38.8MNet plan assets, end of year
$65,150Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 58th |
| Employee saving | 83th |
| Peers that auto-enroll | 48% |
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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
- Southeast Texas Classic Automotive put in about $723 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.
- 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 | $382,900 |
| Participant (employee) contributions | $2,740,452 |
| Other contributions (incl. rollovers in) | $80,659 |
| Administrative expenses paid from the plan | $65,690 |
| Contract administrator fees | $13,546 |
| Other admin expenses | $175 |
| Benefits paid out | $3,238,802 |
| Net assets, start / end of year | $34.6M / $38.8M |
| Active participants, start / end of year | 519 / 540 |
| Participants with account balances | 595 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cook Parker and Associates |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $56,720 reported compensation |
| Cook Parker PLLC | $8,795 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003130852NAL0000869155001, received 2025-10-03, EIN 76-0603797, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.