Robert Loquercio Enterprises DBA Elgin Toyota 401(k) Review & Grade
Bob Loquercio Auto Group 401(k) Plan
Streamwood, ILRetail Trade795 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$400Employer $ per active participant
$2,674Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$14.7MNet plan assets, end of year
$13,051Average balance per account
Score breakdown
- Employer generosity15.3 / 5031th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 31th |
| Lower admin cost | 19th |
| Employee saving | 45th |
| Peers that auto-enroll | 48% |
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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
- Robert Loquercio Enterprises DBA Elgin Toyota put in about $400 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 (0.58% 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 | $317,654 |
| Participant (employee) contributions | $2,125,737 |
| Other contributions (incl. rollovers in) | $326,916 |
| Administrative expenses paid from the plan | $75,814 |
| Contract administrator fees | $75,814 |
| Benefits paid out | $1,152,399 |
| Net assets, start / end of year | $11.7M / $14.7M |
| Active participants, start / end of year | 811 / 779 |
| Participants with account balances | 1,126 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Miller Cooper |
Largest service providers (Schedule C)
| Blue Chip Retirement Plans, Inc. | $24,634 reported compensation |
| Empower Advisory Group, LLC | $9,709 reported compensation |
| Empower Annuity Insurance Co of Ame | $539 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929095447NAL0004955619001, received 2025-09-29, EIN 36-4097417, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.