Atlantic Coast Automotive, Inc. 401(k) Review & Grade
Atlantic Coast Automotive, Inc. 401(k) Plan
Miami Lakes, FLRetail Trade2,911 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$67Employer $ per active participant
$2,245Employee $ saved per active participant
0.55%Direct admin cost, % of plan assets
$38.6MNet plan assets, end of year
$19,448Average balance per account
Score breakdown
- Employer generosity3.3 / 507th percentile for employer $ per participant
- Low cost2.8 / 2511th percentile for low admin cost vs. same-size plans
- Employee saving8.6 / 1557th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 11th |
| Employee saving | 57th |
| Peers that auto-enroll | 42% |
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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 ($2,117,101 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
- Atlantic Coast Automotive put in about $67 per active participant, below the typical peer ($650). 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 (0.55% 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.
- 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 | $195,217 |
| Participant (employee) contributions | $6,534,369 |
| Other contributions (incl. rollovers in) | $2,778,639 |
| Administrative expenses paid from the plan | $187,790 |
| Contract administrator fees | $108,712 |
| Investment advisory & management fees | $79,078 |
| Benefits paid out | $4,378,148 |
| Net assets, start / end of year | $30.0M / $38.6M |
| Active participants, start / end of year | 2,535 / 3,287 |
| Participants with account balances | 1,983 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, P.C. |
Largest service providers (Schedule C)
| John Hancock Life Insurance Co. | $108,712 reported compensation |
| Merrill Lynch Fas | $79,078 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260730092148NAL0019937123001, received 2026-07-30, EIN 20-5589197, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.