International Motor Cars, Inc. 401(k) Review & Grade
International Motor Cars, Inc. 401(k) Plan
Marlow Heights, MDRetail Trade593 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$433Employer $ per active participant
$3,697Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$29.8MNet plan assets, end of year
$72,943Average balance per account
Score breakdown
- Employer generosity16.4 / 5033th percentile for employer $ per participant
- Low cost13.4 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 54th |
| Employee saving | 61th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $112,829 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- International Motor Cars put in about $433 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.
- 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 | $256,475 |
| Participant (employee) contributions | $2,192,247 |
| Other contributions (incl. rollovers in) | $47,924 |
| Administrative expenses paid from the plan | $60,227 |
| Investment advisory & management fees | $48,634 |
| Benefits paid out | $5,503,761 |
| Net assets, start / end of year | $28.9M / $29.8M |
| Active participants, start / end of year | 617 / 569 |
| Participants with account balances | 409 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Samuel Goldstein & Company |
Largest service providers (Schedule C)
| Onedigital Investment Advisors LLC | $31,988 reported compensation |
| Empower Advisory Group, LLC | $16,646 reported compensation |
| Samuel Goldstein & Co PC | $11,593 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015123949NAL0009630738001, received 2025-10-15, EIN 52-1737836, plan #018, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.