Frank Kent Cadillac, LLC 401(k) Review & Grade
Frank Kent Cadillac, LLC Employees' 401(k) Savings Plan
Fort Worth, TXRetail Trade585 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$119Employer $ per active participant
$2,865Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$12.1MNet plan assets, end of year
$12,913Average balance per account
Score breakdown
- Employer generosity5.6 / 5011th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving7.2 / 1548th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 11th |
| Lower admin cost | 26th |
| Employee saving | 48th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,483 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Frank Kent Cadillac put in about $119 per active participant, below the typical peer ($743). 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.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $69,872 |
| Participant (employee) contributions | $1,676,242 |
| Other contributions (incl. rollovers in) | $60,889 |
| Administrative expenses paid from the plan | $50,946 |
| Contract administrator fees | $50,387 |
| Investment advisory & management fees | $559 |
| Benefits paid out | $1,024,962 |
| Net assets, start / end of year | $10.0M / $12.1M |
| Active participants, start / end of year | 499 / 671 |
| Participants with account balances | 940 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mesch,pllc |
Largest service providers (Schedule C)
| John Hancock | $50,387 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015162943NAL0002633859001, received 2025-10-15, EIN 75-1235317, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.