Fisher Auto Parts, Inc. 401(k) Review & Grade
Fisher Auto Parts 401(k) Plan
Staunton, VAWholesale Trade5,634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$276Employer $ per active participant
$1,047Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$92.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.9 / 506th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving0.6 / 154th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score5 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 46th |
| Employee saving | 4th |
| 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.
Corrective distributions: the plan refunded $178,887 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fisher Auto Parts put in about $276 per active participant, below the typical peer ($2,459). 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 | $1,556,116 |
| Participant (employee) contributions | $5,897,509 |
| Other contributions (incl. rollovers in) | $3,096,288 |
| Administrative expenses paid from the plan | $118,371 |
| Benefits paid out | $7,989,859 |
| Net assets, start / end of year | $78.3M / $92.2M |
| Active participants, start / end of year | 5,083 / 6,186 |
| Participants with account balances | 1,674 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Elmore, Hupp & Co., PLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $118,371 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010092656NAL0004104739001, received 2025-10-10, EIN 54-0649966, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.