Faulkner Cadillac, Inc. 401(k) Review & Grade
Faulkner Group 401(k) Plan
Trevose, PARetail Trade1,776 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,356Employer $ per active participant
$4,726Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$122.3MNet plan assets, end of year
$59,287Average balance per account
Score breakdown
- Employer generosity36.3 / 5073th percentile for employer $ per participant
- Low cost10.0 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 40th |
| Employee saving | 78th |
| Peers that auto-enroll | 48% |
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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
- Faulkner Cadillac put in about $1,356 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.
- 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 | $2,408,311 |
| Participant (employee) contributions | $8,390,657 |
| Other contributions (incl. rollovers in) | $801,060 |
| Administrative expenses paid from the plan | $353,139 |
| Investment advisory & management fees | $49,303 |
| Benefits paid out | $9,788,174 |
| Net assets, start / end of year | $108.0M / $122.3M |
| Active participants, start / end of year | 1,774 / 1,777 |
| Participants with account balances | 2,063 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Boyer & Ritter, LLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $278,836 reported compensation |
| Empower Advisory Group, LLC | $49,303 reported compensation |
| Boyer & Ritter LLC | $25,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250725094339NAL0003078563001, received 2025-07-25, EIN 23-2139345, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.