The Boyd Group (U.S.) Inc. 401(k) Review & Grade
Gerber Collision & Glass 401(k) Plan
Elmhurst, ILOther Services10,969 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$748Employer $ per active participant
$2,219Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$197.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost4.5 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving4.6 / 1531th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 18th |
| Employee saving | 31th |
| Peers that auto-enroll | 50% |
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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 ($343,138 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
- Boyd Group (U.S.) put in about $748 per active participant, below the typical peer ($2,229). 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 (0.20% of assets) are well above similar-size plans (0.09%). 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 | $8,202,090 |
| Participant (employee) contributions | $24,335,727 |
| Other contributions (incl. rollovers in) | $6,455,841 |
| Administrative expenses paid from the plan | $350,948 |
| Contract administrator fees | $302,269 |
| Investment advisory & management fees | $48,679 |
| Benefits paid out | $19,353,856 |
| Net assets, start / end of year | $158.6M / $197.7M |
| Active participants, start / end of year | 10,665 / 11,273 |
| Participants with account balances | 4,632 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $305,350 reported compensation |
| Onedigital Investment Advisors | $48,679 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013084906NAL0000879809001, received 2025-10-13, EIN 51-0394062, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.