Continental Cars, Inc. 401(k) Review & Grade
Continental Cars, Inc. 401(k) Plan & Trust
Austin, TXRetail Trade850 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$720Employer $ per active participant
$5,403Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$39.6MNet plan assets, end of year
$34,480Average balance per account
Score breakdown
- Employer generosity24.4 / 5049th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 40th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $315 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Continental Cars put in about $720 per active participant, below the typical peer ($743). 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 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 | $612,381 |
| Participant (employee) contributions | $4,592,402 |
| Other contributions (incl. rollovers in) | $174,598 |
| Administrative expenses paid from the plan | $114,171 |
| Contract administrator fees | $132,673 |
| Investment advisory & management fees | −$18,502 |
| Benefits paid out | $6,659,422 |
| Net assets, start / end of year | $36.5M / $39.6M |
| Active participants, start / end of year | 829 / 871 |
| Participants with account balances | 1,148 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Adkf, P.C. |
Largest service providers (Schedule C)
| Pensionmark Financial Group, LLC | $101,615 reported compensation |
| Alliance Benefit Group of Houston I | $17,837 reported compensation |
| Alliance Benefit Group | $10,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926172128NAL0010363440001, received 2025-09-26, EIN 74-2003995, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.