Sun Auto Tire & Service, Inc. 401(k) Review & Grade
Sun Auto Tire & Service, Inc. 401(k) Plan
Mesa, AZOther Services4,996 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$447Employer $ per active participant
$1,364Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$54.8MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.4 / 5027th percentile for employer $ per participant
- Low cost3.1 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score11 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 2,500–9,999 active participants (42 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 12th |
| Employee saving | 29th |
| Peers that auto-enroll | 45% |
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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 ($52,116 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $379,180 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Sun Auto Tire & Service put in about $447 per active participant, below the typical peer ($1,132). 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 (0.51% 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 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 | $2,235,609 |
| Participant (employee) contributions | $6,817,161 |
| Other contributions (incl. rollovers in) | $3,265,208 |
| Administrative expenses paid from the plan | $254,681 |
| Contract administrator fees | $254,681 |
| Benefits paid out | $7,779,275 |
| Net assets, start / end of year | $44.7M / $54.8M |
| Active participants, start / end of year | 5,951 / 4,042 |
| Participants with account balances | 1,459 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $106,171 reported compensation |
| Ubs Financial Services Inc. | $87,819 reported compensation |
| Alliance Benefit Group of Houston | $73,655 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007093812NAL0007856720001, received 2025-10-07, EIN 82-3087766, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.