Ray Huffines Chevrolet, Inc. D.B.A. Huffines Auto Dealerships 401(k) Review & Grade
Huffines Auto Dealerships Retirement Savings Plan
Plano, TXRetail Trade649 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$333Employer $ per active participant
$4,940Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$33.4MNet plan assets, end of year
$51,649Average balance per account
Score breakdown
- Employer generosity12.7 / 5025th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 24th |
| Employee saving | 81th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Ray Huffines Chevrolet, Inc. D.B.A. Huffines Auto Dealerships put in about $333 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 (0.48% 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.
- 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 | $216,263 |
| Participant (employee) contributions | $3,205,984 |
| Other contributions (incl. rollovers in) | $306,703 |
| Administrative expenses paid from the plan | $148,826 |
| Investment advisory & management fees | $75,746 |
| Benefits paid out | $2,700,026 |
| Net assets, start / end of year | $28.2M / $33.4M |
| Active participants, start / end of year | 677 / 621 |
| Participants with account balances | 647 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricekubecka, PLLC |
Largest service providers (Schedule C)
| Rockefeller Financial LLC | $75,746 reported compensation |
| Empower Annuity Insurance Company | $73,080 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717135008NAL0000566064001, received 2025-07-17, EIN 75-1918983, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.