Pomps Tire Service Inc. 401(k) Review & Grade
Pomps Tire Service Inc Salary Savings Plan
Green Bay, WIRetail Trade2,870 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,582Employer $ per active participant
$4,140Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$160.9MNet plan assets, end of year
$52,725Average balance per account
Score breakdown
- Employer generosity40.4 / 5081th percentile for employer $ per participant
- Low cost8.9 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving12.0 / 1580th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 35th |
| Employee saving | 80th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $79,442 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pomps Tire Service put in about $1,582 per active participant, more than the typical peer ($650). 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 (0.20% 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.
- 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 | $4,542,282 |
| Participant (employee) contributions | $11,885,137 |
| Other contributions (incl. rollovers in) | $712,711 |
| Administrative expenses paid from the plan | $297,422 |
| Benefits paid out | $19,249,049 |
| Net assets, start / end of year | $144.1M / $160.9M |
| Active participants, start / end of year | 2,988 / 2,753 |
| Participants with account balances | 3,052 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hawkins Ash Cpa's LLP |
Largest service providers (Schedule C)
| Oneamerica Retirement Services LLC | $297,422 reported compensation |
| Matrix Trust Company | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013081101NAL0000827457001, received 2025-10-13, EIN 39-0838986, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.