Tasca Automotive Group, Inc 401(k) Review & Grade
Tasca Employees 401(k) Profit Sharing Plan
Cranston, RIRetail Trade1,308 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$334Employer $ per active participant
$3,064Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$68.3MNet plan assets, end of year
$34,357Average balance per account
Score breakdown
- Employer generosity12.8 / 5026th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving7.7 / 1551th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score25 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 31th |
| Employee saving | 51th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $76,678 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Tasca Automotive Group put in about $334 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 (0.40% 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.
- 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 | $436,457 |
| Participant (employee) contributions | $4,008,736 |
| Other contributions (incl. rollovers in) | $414,256 |
| Administrative expenses paid from the plan | $254,223 |
| Contract administrator fees | $245,438 |
| Other admin expenses | $8,785 |
| Benefits paid out | $5,314,563 |
| Net assets, start / end of year | $60.3M / $68.3M |
| Active participants, start / end of year | 1,320 / 1,297 |
| Participants with account balances | 1,989 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Withum Smith & Brown, PC |
Largest service providers (Schedule C)
| Edelman Financial Engines, LLC | $241,788 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014141847NAL0001490243001, received 2025-10-14, EIN 04-2751276, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.