Kenwood Dealer Group, Inc. 401(k) Review & Grade
The Kenwood Dealer Group Employee Retirement Plan
Mason, OHRetail Trade744 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,132Employer $ per active participant
$5,165Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$57.9MNet plan assets, end of year
$110,337Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost14.1 / 2556th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 56th |
| Employee saving | 83th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $244,592 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Kenwood Dealer Group put in about $1,132 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.
- 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 | $843,099 |
| Participant (employee) contributions | $3,845,600 |
| Other contributions (incl. rollovers in) | $99,580 |
| Administrative expenses paid from the plan | $102,824 |
| Investment advisory & management fees | $13,100 |
| Benefits paid out | $5,452,391 |
| Net assets, start / end of year | $52.8M / $57.9M |
| Active participants, start / end of year | 804 / 685 |
| Participants with account balances | 525 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Clark Schaefer Hackett |
Largest service providers (Schedule C)
| Adp, Inc. | $89,724 reported compensation |
| Clark, Schaefer Hackett & Company | $13,100 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250812051616NAL0007857745001, received 2025-08-12, EIN 31-1187343, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.