Jim Brown Chevrolet Inc., DBA Classic Chevrolet 401(k) Review & Grade
Jim Brown Chevrolet, Inc. DBA Classic Chevrolet 401(k) Plan
Mentor, OHRetail Trade929 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$314Employer $ per active participant
$5,185Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$69.3MNet plan assets, end of year
$74,466Average balance per account
Score breakdown
- Employer generosity12.1 / 5024th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1584th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score47 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 24th |
| Lower admin cost | 60th |
| Employee saving | 84th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,780 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jim Brown Chevrolet Inc., DBA Classic Chevrolet put in about $314 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 | $291,306 |
| Participant (employee) contributions | $4,817,239 |
| Other contributions (incl. rollovers in) | $7,477 |
| Administrative expenses paid from the plan | $110,283 |
| Investment advisory & management fees | $53,993 |
| Benefits paid out | $4,416,465 |
| Net assets, start / end of year | $61.1M / $69.3M |
| Active participants, start / end of year | 904 / 954 |
| Participants with account balances | 931 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | PW Partners |
Largest service providers (Schedule C)
| Capital Group Retirement Plan Svcs. | $56,290 reported compensation |
| Osaic Fa Inc | $53,993 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910102509NAL0021021697001, received 2025-09-10, EIN 34-1274105, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.