Ho, Inc. DBA Lexus of Bellevue 401(k) Review & Grade
O'brien Auto Group 401(k) Plan
Bellevue, WARetail Trade785 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$886Employer $ per active participant
$5,576Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$58.9MNet plan assets, end of year
$53,414Average balance per account
Score breakdown
- Employer generosity28.3 / 5057th percentile for employer $ per participant
- Low cost14.0 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving13.3 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 57th |
| Lower admin cost | 56th |
| Employee saving | 88th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $63,068 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ho, Inc. DBA Lexus of Bellevue put in about $886 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 | $695,126 |
| Participant (employee) contributions | $4,377,304 |
| Other contributions (incl. rollovers in) | $334,294 |
| Administrative expenses paid from the plan | $104,058 |
| Contract administrator fees | $84,058 |
| Investment advisory & management fees | $20,000 |
| Benefits paid out | $4,758,354 |
| Net assets, start / end of year | $51.4M / $58.9M |
| Active participants, start / end of year | 701 / 869 |
| Participants with account balances | 1,102 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Sweeney Conrad |
Largest service providers (Schedule C)
| John Hancock | $84,058 reported compensation |
| Global Retirement Partners | $20,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250822125739NAL0002566003001, received 2025-08-22, EIN 91-1438162, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.