401(k) · DOL Form 5500 · 2023

Covert Buick, Inc. 401(k) Plan

Data updated 2026-08-25

$33M
Total assets Below avg plan size
971
Participants Near avg headcount
81st
Percentile by assets National rank
$34,096
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

$33M in assets, 971 participants

Covert Buick, Inc.'s Covert Auto Group 401(k) Plan reported $33M in total assets and 971 participants in its 2023 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.

  • #7,460 in Retail Trade (8,414 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, $33M for 971 participants (~$34,096/participant), up 25.9% in 2023.

#7,460
in Retail Trade (8,414 peers)
+25.9%
assets growth YoY
0.3×
vs typical plan assets (national mean)

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 2023 · DOL Form 5500

$33,107,312 Top 19% higher than 81% of 127,068 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 2023

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

Plan-year 2023 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 (971 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Covert Auto Group 401(k) Plan reported net income rose from -$3M in the plan year 2022 filing to $7M in the plan year 2023 filing.
  • Covert Auto Group 401(k) Plan end-of-year assets rose from $26M in the plan year 2022 filing to $33M in the plan year 2023 filing.
  • Covert Auto Group 401(k) Plan reported participants rose from 916 in the plan year 2022 filing to 971 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 741982741 · Covert Buick, Inc. PY 2023 · 401(k)

Covert Auto Group 401(k) Plan · $33M · 971 · 81st

  • SCH $33M
  • SCH 971
  • SCH 81st
  • SCH 401(k)
  • SCH near Patrick Dealer Group Savings Plan
  • SCH ind #7460

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$33MPatrick Dealer Group Savings PlanPatrick Dealer Group Savings…$33MOak Valley Community Bank 401(k) Profit Sharing PlanOak Valley Community Bank 40…$33MWaterfield Technologies 401(k) PlanWaterfield Technologies 401(…$33MV. Alexander & Co., Inc. Savings PlanV. Alexander & Co., Inc. Sav…$33M
End-of-year total assets ($M) among Covert Auto Group 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Scale-class filing particulars (2023)

Total Assets (Beginning of Year)$26M
Net Assets (End of Year)$33M
Net Income$7M
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. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Covert Auto Group 401(k) Plan, Total assets ($B): 0.033107312 · Participants: 971Covert Auto Group 401(k) PlanAT&T Retirement Savings Plan, Total assets ($B): 40.012012 · Participants: 119854AT&T Retirement Savings PlanExxonmobil Savings Plan, Total assets ($B): 21.917 · Participants: 23477Exxonmobil Savings PlanCaterpillar 401(k) Savings Plan, Total assets ($B): 16.496476432 · Participants: 41679Caterpillar 401(k) Savings PlanAmerican Airlines, Inc. 401(k) Plan, Total assets ($B): 14.680189879 · Participants: 88792American Airlines, Inc. 401(k) PlanDell Inc. 401(k) Plan, Total assets ($B): 13.529835 · Participants: 45686Dell 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 Patrick Dealer Group Savings Plan in IL ($33M); by covered participants it is Alignment Healthcare USA, LLC 401(k) Plan in CA (971 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($33M here).

Similar participant headcount

Nearest other-state filings by covered participants (971 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. 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 2023? ▼
Covert Auto Group 401(k) Plan grew sharply - up 25.9% during 2023, from $26M to $33M. Reported net income was $7M.
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 127,072 plans that reported assets for plan year 2023 (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 Patrick Dealer Group Savings Plan in IL ($33M, 297 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 Alignment Healthcare USA, LLC 401(k) Plan in CA (971 participants, $45M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

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.