Autonation, Inc. 401(k) Review & Grade
Autonation 401(k) Plan
Fort Lauderdale, FLRetail Trade25,170 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,000Employer $ per active participant
$3,432Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$69,640Average balance per account
Score breakdown
- Employer generosity34.1 / 5068th percentile for employer $ per participant
- Low cost5.7 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 68th |
| Lower admin cost | 23th |
| Employee saving | 89th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Corrective distributions: the plan refunded $116,378 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Autonation put in about $1,000 per active participant, more than the typical peer ($689). 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 (0.17% of assets) are well above similar-size plans (0.09%). 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 | $25,169,660 |
| Participant (employee) contributions | $86,390,056 |
| Other contributions (incl. rollovers in) | $4,893,291 |
| Administrative expenses paid from the plan | $1,787,539 |
| Contract administrator fees | $215,259 |
| Investment advisory & management fees | $563,247 |
| Other admin expenses | $75,345 |
| Benefits paid out | $121,614,156 |
| Net assets, start / end of year | $969.7M / $1.1B |
| Active participants, start / end of year | 25,138 / 25,202 |
| Participants with account balances | 15,679 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kronick Kalada Berdy & Co., P.C. |
Largest service providers (Schedule C)
| Voya Institutional Plan Services | $1,111,382 reported compensation |
| Voya Retirement Advisors | $563,247 reported compensation |
| Newport Group, Inc. | $41,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250707194331NAL0009464962001, received 2025-07-07, EIN 73-1105145, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.