Parts Town Unlimited, LLC 401(k) Review & Grade
Parts Town Unlimited, LLC 401(k) Plan
Addison, ILWholesale Trade3,864 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,400Employer $ per active participant
$3,788Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$157.0MNet plan assets, end of year
$33,253Average balance per account
Score breakdown
- Employer generosity13.7 / 5027th percentile for employer $ per participant
- Low cost7.0 / 2528th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 28th |
| Employee saving | 27th |
| Peers that auto-enroll | 62% |
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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 ($2,206 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
- Parts Town Unlimited put in about $1,400 per active participant, below the typical peer ($2,459). 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 (0.25% of assets) are well above similar-size plans (0.12%). 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 | $5,408,374 |
| Participant (employee) contributions | $14,637,337 |
| Other contributions (incl. rollovers in) | $1,911,969 |
| Administrative expenses paid from the plan | $355,394 |
| Benefits paid out | $13,351,736 |
| Net assets, start / end of year | $130.1M / $157.0M |
| Active participants, start / end of year | 3,767 / 3,962 |
| Participants with account balances | 4,721 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dulin, Ward & Dewald, Inc. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $340,394 reported compensation |
| DWD Cpas & Advisors | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009172612NAL0006967649001, received 2025-10-09, EIN 90-1033057, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.