Kendall Imports, LLC 401(k) Review & Grade
Bean Automotive Group 401(k) Plan
Miami, FLRetail Trade528 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,153Employer $ per active participant
$5,675Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$22.9MNet plan assets, end of year
$40,645Average balance per account
Score breakdown
- Employer generosity43.8 / 5088th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving13.4 / 1589th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score72 / 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 | 20th |
| Employee saving | 89th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Kendall Imports put in about $2,153 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 (0.56% 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 | $1,138,068 |
| Participant (employee) contributions | $2,999,137 |
| Other contributions (incl. rollovers in) | $249,424 |
| Administrative expenses paid from the plan | $120,211 |
| Contract administrator fees | $58,320 |
| Investment advisory & management fees | $61,891 |
| Benefits paid out | $4,070,456 |
| Net assets, start / end of year | $20.0M / $22.9M |
| Active participants, start / end of year | 560 / 497 |
| Participants with account balances | 564 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | De La Hoz, Perez & Barbeito, PLLC |
Largest service providers (Schedule C)
| Wells Fargo Clearing Services, LLC | $58,320 reported compensation |
| John Hancock | $39,459 reported compensation |
| The Benefit Practice | $19,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250912085034NAL0000809585001, received 2025-09-12, EIN 52-2135876, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.