Ourisman Fairfax Toyota 401(k) Review & Grade
Ourisman Fairfax Toyota 401(k) Plan
Fairfax, VARetail Trade552 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$689Employer $ per active participant
$4,281Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$42.2MNet plan assets, end of year
$73,731Average balance per account
Score breakdown
- Employer generosity23.5 / 5047th percentile for employer $ per participant
- Low cost6.4 / 2525th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 25th |
| Employee saving | 70th |
| 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 ($1,107 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Ourisman Fairfax Toyota put in about $689 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.
- Direct plan expenses (0.46% 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.
- 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 | $380,764 |
| Participant (employee) contributions | $2,365,515 |
| Other contributions (incl. rollovers in) | $116,401 |
| Administrative expenses paid from the plan | $185,520 |
| Other admin expenses | $73,949 |
| Benefits paid out | $2,657,056 |
| Net assets, start / end of year | $37.9M / $42.2M |
| Active participants, start / end of year | 533 / 572 |
| Participants with account balances | 572 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lee CPA Audit Group |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $111,571 reported compensation |
| Jackson Avenue LLC | $73,949 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250815113745NAL0012768688001, received 2025-08-15, EIN 54-1511693, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.