Exeter Finance LLC 401(k) Review & Grade
Exeter Finance LLC 401(k) Profit Sharing Plan
Irving, TXFinance & Insurance1,772 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,264Employer $ per active participant
$4,286Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$86.3MNet plan assets, end of year
$58,661Average balance per account
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost15.2 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving2.3 / 1516th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 61th |
| Employee saving | 16th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Exeter Finance put in about $2,264 per active participant, below the typical peer ($3,606). 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.
- 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 | $4,012,296 |
| Participant (employee) contributions | $7,596,923 |
| Other contributions (incl. rollovers in) | $1,942,240 |
| Administrative expenses paid from the plan | $123,966 |
| Contract administrator fees | $300 |
| Benefits paid out | $4,432,530 |
| Net assets, start / end of year | $66.5M / $86.3M |
| Active participants, start / end of year | 1,726 / 1,819 |
| Participants with account balances | 1,471 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell, L.L.P |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $123,966 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250911160812NAL0000963296001, received 2025-09-11, EIN 11-3779713, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.