Fletcher Jones Management Group, LLC 401(k) Review & Grade
Fletcher Jones Automotive Group Employee 401(k) Retirement Plan
Las Vegas, NVRetail Trade1,994 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,100Employer $ per active participant
$7,482Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$170.0MNet plan assets, end of year
$54,069Average balance per account
Score breakdown
- Employer generosity32.8 / 5066th percentile for employer $ per participant
- Low cost15.6 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 62th |
| Employee saving | 97th |
| 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 ($46,318 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,546 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fletcher Jones Management Group put in about $1,100 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.
- 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 | $2,193,320 |
| Participant (employee) contributions | $14,922,975 |
| Other contributions (incl. rollovers in) | $1,603,418 |
| Administrative expenses paid from the plan | $248,031 |
| Contract administrator fees | $15,669 |
| Investment advisory & management fees | $86,572 |
| Other admin expenses | $23,000 |
| Benefits paid out | $19,978,534 |
| Net assets, start / end of year | $151.8M / $170.0M |
| Active participants, start / end of year | 1,943 / 2,046 |
| Participants with account balances | 3,144 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cherry Bekaert LLP |
Largest service providers (Schedule C)
| Fidelity Workplace Services, LLC | $161,439 reported compensation |
| Wells Fargo Clearing Services LLC | $75,532 reported compensation |
| Cherry Bekaert | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008155705NAL0003132035001, received 2025-10-08, EIN 81-3843265, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.