Ed Martin East, Inc. 401(k) Review & Grade
Ed Martin Auto Group 401(k) Profit Sharing Plan
Indianapolis, INRetail Trade663 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,274Employer $ per active participant
$1,209Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$35.0MNet plan assets, end of year
$104,697Average balance per account
Score breakdown
- Employer generosity49.0 / 5098th percentile for employer $ per participant
- Low cost15.1 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving2.9 / 1519th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 61th |
| Employee saving | 19th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $69,035 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ed Martin East put in about $4,274 per active participant, more than the typical peer ($743). 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.
- 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 | $2,833,506 |
| Participant (employee) contributions | $801,597 |
| Other contributions (incl. rollovers in) | $154,601 |
| Administrative expenses paid from the plan | $53,061 |
| Investment advisory & management fees | $45,643 |
| Benefits paid out | $2,823,297 |
| Net assets, start / end of year | $29.8M / $35.0M |
| Active participants, start / end of year | 662 / 664 |
| Participants with account balances | 334 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cherry Bekaert, LLP |
Largest service providers (Schedule C)
| Norwood Economics, Inc. | $45,645 reported compensation |
| Fidelity Investments Institutional | $7,418 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015135709NAL0009943714001, received 2025-10-15, EIN 35-1591878, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.