Avis Budget Group, Inc. 401(k) Review & Grade
Avis Budget Group, Inc. Employee Savings Plan
Parsippany, NJAccommodation & Food Services13,582 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$990Employer $ per active participant
$1,616Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$718.2MNet plan assets, end of year
$70,618Average balance per account
Score breakdown
- Employer generosity40.0 / 5080th percentile for employer $ per participant
- Low cost12.1 / 2548th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Accommodation & Food Services plans with 10,000+ active participants (41 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 80th |
| Lower admin cost | 48th |
| Employee saving | 70th |
| Peers that auto-enroll | 24% |
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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 ($150,861 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
- Avis Budget Group put in about $990 per active participant, more than the typical peer ($393). 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.
- 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.
- 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 | $13,452,973 |
| Participant (employee) contributions | $21,951,337 |
| Other contributions (incl. rollovers in) | $2,116,982 |
| Administrative expenses paid from the plan | $638,878 |
| Other admin expenses | $56,747 |
| Benefits paid out | $78,960,349 |
| Net assets, start / end of year | $691.0M / $718.2M |
| Active participants, start / end of year | 13,513 / 13,652 |
| Participants with account balances | 10,170 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Geltrude & Company, LLC |
| Employer stock held by plan | $12,990,196 |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $609,164 reported compensation |
| Clearstead Advisors, LLC | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016123626NAL0003362915001, received 2025-10-16, EIN 06-0918165, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.