Maita Auto Group 401(k) Review & Grade
Maita Profit Sharing 401(k) Plan and Trust
Sacramento, CARetail Trade501 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$180Employer $ per active participant
$3,882Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$36.0MNet plan assets, end of year
$52,381Average balance per account
Score breakdown
- Employer generosity7.2 / 5014th percentile for employer $ per participant
- Low cost9.2 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving9.5 / 1564th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 37th |
| Employee saving | 64th |
| Peers that auto-enroll | 48% |
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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 ($3,385 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $64,078 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Maita Auto Group put in about $180 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.
- 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 | $90,000 |
| Participant (employee) contributions | $1,944,760 |
| Other contributions (incl. rollovers in) | $62,169 |
| Administrative expenses paid from the plan | $114,532 |
| Investment advisory & management fees | $13,509 |
| Benefits paid out | $3,021,870 |
| Net assets, start / end of year | $32.8M / $36.0M |
| Active participants, start / end of year | 506 / 496 |
| Participants with account balances | 687 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Silicon Valley Accountancy |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $101,023 reported compensation |
| Wells Fargo Advisors Fin Network LL | $66,568 reported compensation |
| Empower Advisory Group, LLC | $13,509 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007185714NAL0005181185001, received 2025-10-07, EIN 94-2619517, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.