Classic Collision, LLC 401(k) Review & Grade
Classic Collision, LLC 401(k) Plan
Atlanta, GAOther Services3,856 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$521Employer $ per active participant
$1,469Employee $ saved per active participant
0.94%Direct admin cost, % of plan assets
$29.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity15.9 / 5032th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 32th |
| Lower admin cost | 5th |
| Employee saving | 32th |
| Peers that auto-enroll | 45% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Classic Collision put in about $521 per active participant, below the typical peer ($1,132). 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 (0.94% 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.
- 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 | $2,009,434 |
| Participant (employee) contributions | $5,665,303 |
| Other contributions (incl. rollovers in) | $2,015,860 |
| Administrative expenses paid from the plan | $235,131 |
| Benefits paid out | $3,142,817 |
| Net assets, start / end of year | $20.5M / $29.7M |
| Active participants, start / end of year | 3,842 / 3,869 |
| Participants with account balances | 1,479 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Moore Colson & Company, P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $132,307 reported compensation |
| Northwestern Mutual Wealth Mgmnt Co | $121,074 reported compensation |
| Empower Annuity Insurance Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014171309NAL0004626736001, received 2025-10-14, EIN 82-3412546, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.