DRJ Investments, Inc. DBA Don Jenkins Auto Group 401(k) Review & Grade
Don Jenkins Auto Group 401(k) Plan
Ocala, FLRetail Trade1,199 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$62Employer $ per active participant
$2,317Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$16.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity4.3 / 509th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score0 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 9th |
| Lower admin cost | 13th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
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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 ($786 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $62,541 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- DRJ Investments, Inc. DBA Don Jenkins Auto Group put in about $62 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.
- Direct plan expenses (0.70% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $73,789 |
| Participant (employee) contributions | $2,778,549 |
| Other contributions (incl. rollovers in) | $91,040 |
| Administrative expenses paid from the plan | $110,104 |
| Investment advisory & management fees | $83,208 |
| Benefits paid out | $2,449,148 |
| Net assets, start / end of year | $14.6M / $16.8M |
| Active participants, start / end of year | 1,152 / 1,246 |
| Participants with account balances | 488 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $77,074 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $34,546 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014174721NAL0007065074001, received 2025-10-14, EIN 20-1193248, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.