SG Chevrolet, LLC 401(k) Review & Grade
SG Chevrolet 401(k) Savings Plan
Strongsville, OHRetail Trade658 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$387Employer $ per active participant
$3,846Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$21.1MNet plan assets, end of year
$34,540Average balance per account
Score breakdown
- Employer generosity14.7 / 5029th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving9.4 / 1563th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 24th |
| Employee saving | 63th |
| 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 ($55,781 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
- SG Chevrolet put in about $387 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 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 | $254,597 |
| Participant (employee) contributions | $2,532,272 |
| Other contributions (incl. rollovers in) | $121,114 |
| Administrative expenses paid from the plan | $90,807 |
| Investment advisory & management fees | $34,334 |
| Other admin expenses | $12,396 |
| Benefits paid out | $1,458,463 |
| Net assets, start / end of year | $16.6M / $21.1M |
| Active participants, start / end of year | 631 / 686 |
| Participants with account balances | 612 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $56,436 reported compensation |
| Regal Investment Advisors LLC | $31,498 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013102328NAL0000482995001, received 2025-10-13, EIN 27-0499407, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.