401(k) · DOL Form 5500 · 2022

Covert Buick, Inc. 401(k) Plan

Data updated 2026-08-25

$26M
Total assets Below avg plan size
916
Participants Near avg headcount
81st
Percentile by assets National rank
$28,718
Avg per participant Low balance/head
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Official DOL plan name: Covert Auto Group 401(k) Plan · Sponsored by Covert Buick, Inc. · Texas · Retail Trade

$26M in assets, 916 participants

Covert Buick, Inc.'s Covert Auto Group 401(k) Plan reported $26M in total assets and 916 participants in its 2022 DOL Form 5500 filing, ranking in the 81st percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • #8,502 in Retail Trade (9,519 peers)

Where Covert Auto Group 401(k) Plan sits by assets

Covert Auto Group 401(k) Plan sits in the top quartile of all filed plans by assets, $26M for 916 participants (~$28,718/participant), down 8.8% in 2022.

#8,502
in Retail Trade (9,519 peers)
-8.8%
assets change YoY
0.3×
vs typical plan assets (national mean)

The plan reported a net loss of $3M for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Covert Auto Group 401(k) Plan's outsized position by total assets

Covert Auto Group 401(k) Plan vs every filed plan by assets

End-of-year total assets · plan year 2022 · DOL Form 5500

$26,305,591 Top 19% higher than 81% of 139,123 filed plans

This plan $0 $2,050,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2022

Covert Auto Group 401(k) Plan among mid-size filed plans by headcount

Plan-year 2022 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Covert Auto Group 401(k) Plan sits mid-pack in the medium band (916 participants).

Form 5500 schedule snapshot

Filing strip 741982741 · Covert Buick, Inc. PY 2022 · 401(k)

Covert Auto Group 401(k) Plan · $26M · 916 · 81st

  • EOY $26M
  • 5500 916
  • ASSETS 81st
  • PCT 401(k)
  • EIN near Hopewell Health Centers, Inc. Retirement Plan
  • RANK ind #8502

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Retail Trade retirement plans → · Plans in Texas →

Covert Auto Group 401(k) Plan in the asset neighbourhood

Covert Auto Group 401(k) Plan$26MHopewell Health Centers, Inc. Retirement PlanHopewell Health Centers, Inc…$26MIntegrated Design Solutions, LLC Retirement Savings PlanIntegrated Design Solutions,…$26MBoulder Associates, Inc. 401(k) PlanBoulder Associates, Inc. 401…$26MTitus-Will Retirement Savings PlanTitus-Will Retirement Saving…$26M
End-of-year total assets ($M) among Covert Auto Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2022.

Scale-class filing particulars (2022)

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$26M
Net Income-$3M
Employer EIN741982741
Plan Effective Date1982-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Covert Buick, Inc.)

Sponsor-wide plan assets over time

All Covert Buick, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$39M 48.173268564846154% vs 2022
2024 filing year
$25M$30M$35M$40M$45M 202220232024 $26.3M $39M ▲ +48.2%
Year Plans Participants Total Assets
2022 1 916 $26M
2023 1 971 $33M
2024 1 1,124 $39M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Covert Auto Group 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -10010203040 Total assets ($B) Participants Covert Auto Group 401(k) Plan, Total assets ($B): 0.026305591 · Participants: 916Covert Auto Group 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 37.578871 · Participants: 144503AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.266 · Participants: 23619Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 13.794958016 · Participants: 38538Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 12.806443202 · Participants: 85577American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 11.969059 · Participants: 47532Dell Inc. 401(k) Plan
Covert Auto Group 401(k) Plan vs. nearby 401(k) plans in Texas, assets vs. participants
Compare Covert Auto Group 401(k) Plan side-by-side with 3 peers →

Covert Auto Group 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Texas, the nearest 401(k) by assets is Hopewell Health Centers, Inc. Retirement Plan in OH ($26M); by covered participants it is Pip 401(k) Retirement Plan in NY (916 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (916 participants); asset peers above are excluded.

DOL Form 5500 plan year 2022. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Covert Auto Group 401(k) Plan assets move in 2022? ▼
Covert Auto Group 401(k) Plan pulled back noticeably - down 8.8% during 2022, from $29M to $26M. Reported net income was -$3M.
How have Covert Buick, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Covert Buick, Inc.'s sponsor-wide assets grew 48.2%, from $26M to $39M.
Where does Covert Auto Group 401(k) Plan rank by assets among Form 5500 filers? ▼
Covert Auto Group 401(k) Plan ranks in the 81st percentile by end-of-year assets among 139,126 plans that reported assets for plan year 2022 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Covert Auto Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Hopewell Health Centers, Inc. Retirement Plan in OH ($26M, 666 participants).
Which 401(k) plans cover a similar participant headcount to Covert Auto Group 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Pip 401(k) Retirement Plan in NY (916 participants, $37M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2022.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 741982741.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.