Victory Automotive Group 401(k) Review & Grade
Victory Automotive Group 401(k) Plan
Canton, MIRetail Trade2,271 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,078Employer $ per active participant
$5,811Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$110.9MNet plan assets, end of year
$40,101Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving13.5 / 1590th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 13th |
| Employee saving | 90th |
| 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
- Victory Automotive Group put in about $2,078 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 (0.70% 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 | $4,718,754 |
| Participant (employee) contributions | $13,197,275 |
| Other contributions (incl. rollovers in) | $4,058,896 |
| Administrative expenses paid from the plan | $704,359 |
| Investment advisory & management fees | $488,251 |
| Benefits paid out | $13,233,083 |
| Net assets, start / end of year | $89.7M / $110.9M |
| Active participants, start / end of year | 2,208 / 2,334 |
| Participants with account balances | 2,766 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Janz & Knight, PLC |
Largest service providers (Schedule C)
| Secure Asset Management | $246,551 reported compensation |
| Empower Annuity Insurance Company O | $216,108 reported compensation |
| Secure Asset Management | $150,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152428NAL0006599600001, received 2025-10-15, EIN 38-3572888, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.