Grieco Automotive Management LLC 401(k) Review & Grade
Grieco Automotive Management 401(k) Plan
Delray Beach, FLRetail Trade794 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,309Employer $ per active participant
$5,349Employee $ saved per active participant
0.72%Direct admin cost, % of plan assets
$34.7MNet plan assets, end of year
$35,985Average balance per account
Score breakdown
- Employer generosity44.2 / 5088th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 12th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Grieco Automotive Management put in about $2,309 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.
- Direct plan expenses (0.72% 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 | $1,833,510 |
| Participant (employee) contributions | $4,247,349 |
| Other contributions (incl. rollovers in) | $293,445 |
| Administrative expenses paid from the plan | $225,068 |
| Contract administrator fees | $225,068 |
| Benefits paid out | $3,675,140 |
| Net assets, start / end of year | $27.8M / $34.7M |
| Active participants, start / end of year | 804 / 784 |
| Participants with account balances | 964 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hallowell 401k Assurance |
Largest service providers (Schedule C)
| Merrill Lynch | $0 reported compensation |
| Merrill Lynch | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260429082733NAL0016400064001, received 2026-04-29, EIN 47-2589306, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.