Arnold Motor Supply, LLP 401(k) Review & Grade
Arnold Motor Supply 401k Plan
Spencer, IARetail Trade822 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$594Employer $ per active participant
$1,713Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$28.1MNet plan assets, end of year
$39,229Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 30th |
| Employee saving | 29th |
| 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
- Arnold Motor Supply, LLP put in about $594 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 (0.40% 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.
- 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 | $488,421 |
| Participant (employee) contributions | $1,408,485 |
| Other contributions (incl. rollovers in) | $279,895 |
| Administrative expenses paid from the plan | $107,376 |
| Investment advisory & management fees | $107,376 |
| Benefits paid out | $2,229,900 |
| Net assets, start / end of year | $25.5M / $28.1M |
| Active participants, start / end of year | 813 / 831 |
| Participants with account balances | 716 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Winther, Stave & Co., LLP |
Largest service providers (Schedule C)
| The Security National Bank | $98,264 reported compensation |
| Charles Schwab Bank | $9,112 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926150200NAL0013955042001, received 2025-09-26, EIN 42-0620370, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.