Avis Budget Group, Inc. 401(k) Review & Grade
Ab Car Rental Services Retirement Savings Plan for Bargaining Hourly Employees
Parsippany, NJReal Estate & Rental4,853 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$335Employer $ per active participant
$1,158Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$82.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.2 / 5018th percentile for employer $ per participant
- Low cost10.1 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving3.1 / 1520th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Real Estate & Rental plans with 2,500–9,999 active participants (50 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 18th |
| Lower admin cost | 41th |
| Employee saving | 20th |
| Peers that auto-enroll | 46% |
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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 ($171,404 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 $335 per active participant, below the typical peer ($1,141). 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.
- 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 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 | $1,624,606 |
| Participant (employee) contributions | $5,618,384 |
| Other contributions (incl. rollovers in) | $103,029 |
| Administrative expenses paid from the plan | $129,875 |
| Other admin expenses | $15,000 |
| Benefits paid out | $7,039,467 |
| Net assets, start / end of year | $74.2M / $82.3M |
| Active participants, start / end of year | 4,641 / 5,065 |
| Participants with account balances | 1,606 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Geltrude & Company, LLC |
| Employer stock held by plan | $934,679 |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $114,950 reported compensation |
| Clearstead Advisors, LLC | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251016123519NAL0013082498001, received 2025-10-16, EIN 06-0918165, plan #005, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.