Anthony Wade, Inc. DBA Stephen Wade Auto Center 401(k) Review & Grade
Anthony Wade, Inc. DBA Stephen Wade Auto Center 401(k) Plan
ST. George, UTRetail Trade671 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$779Employer $ per active participant
$2,954Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$21.5MNet plan assets, end of year
$27,371Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 14th |
| Employee saving | 49th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($652 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Anthony Wade, Inc. DBA Stephen Wade Auto Center put in about $779 per active participant, more than the typical peer ($743). 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 (0.67% 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $522,568 |
| Participant (employee) contributions | $1,982,087 |
| Other contributions (incl. rollovers in) | $65,793 |
| Administrative expenses paid from the plan | $135,676 |
| Investment advisory & management fees | $86,081 |
| Benefits paid out | $2,263,054 |
| Net assets, start / end of year | $18.8M / $21.5M |
| Active participants, start / end of year | 571 / 771 |
| Participants with account balances | 784 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C.. |
Largest service providers (Schedule C)
| Soltis Investment Advisors LLC | $86,081 reported compensation |
| Cbiz Cpas P.C. | $27,245 reported compensation |
| Fidelity Investments Institutional | $22,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919172438NAL0005841314001, received 2025-09-19, EIN 87-0393205, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.