Holman Automotive Group, Inc. 401(k) Review & Grade
Holman Enterprises Supplemental Retirement and Savings Plan
Mount Laurel, NJRetail Trade6,267 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,734Employer $ per active participant
$7,937Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$688.8MNet plan assets, end of year
$90,363Average balance per account
Score breakdown
- Employer generosity42.3 / 5085th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving14.6 / 1597th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 50th |
| Employee saving | 97th |
| Peers that auto-enroll | 42% |
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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 ($1,295,597 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Holman Automotive Group put in about $1,734 per active participant, more than the typical peer ($650). 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 | $10,865,031 |
| Participant (employee) contributions | $49,740,336 |
| Other contributions (incl. rollovers in) | $5,182,085 |
| Administrative expenses paid from the plan | $776,052 |
| Contract administrator fees | $3,600 |
| Investment advisory & management fees | $751,547 |
| Benefits paid out | $48,309,231 |
| Net assets, start / end of year | $588.2M / $688.8M |
| Active participants, start / end of year | 6,083 / 6,451 |
| Participants with account balances | 7,622 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bdo USA, PC |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $421,009 reported compensation |
| Strategic Advisors, Inc. | $330,538 reported compensation |
| Fidelity Investments Institutional | $24,505 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819172711NAL0002431009001, received 2025-08-19, EIN 21-0610247, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.