Cargurus, Inc. 401(k) Review & Grade
Cargurus, Inc. 401(k) Profit Sharing Plan
Cambridge, MAInformation1,048 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,818Employer $ per active participant
$14,871Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$138.4MNet plan assets, end of year
$98,879Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost16.5 / 2566th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 66th |
| Employee saving | 85th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $11,324 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cargurus put in about $5,818 per active participant, more than the typical peer ($2,829). 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.
- 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 | $6,094,069 |
| Participant (employee) contributions | $15,577,254 |
| Other contributions (incl. rollovers in) | $3,247,749 |
| Administrative expenses paid from the plan | $167,269 |
| Other admin expenses | $3,750 |
| Benefits paid out | $9,911,392 |
| Net assets, start / end of year | $106.3M / $138.4M |
| Active participants, start / end of year | 1,042 / 1,053 |
| Participants with account balances | 1,400 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Matthew J Bernier, CPA, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $155,373 reported compensation |
| Matthew J. Bernier CPA LLC | $8,146 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015050837NAL0001993699001, received 2025-10-15, EIN 04-3843478, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.