Aep Holdings, Inc. 401(k) Review & Grade
Arrowhead Engineered Products 401(k) Plan
Blaine, MNWholesale Trade1,394 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,373Employer $ per active participant
$3,066Employee $ saved per active participant
0.33%Direct admin cost, % of plan assets
$53.2MNet plan assets, end of year
$28,897Average balance per account
Score breakdown
- Employer generosity18.4 / 5037th percentile for employer $ per participant
- Low cost9.3 / 2537th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 37th |
| Employee saving | 23th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $13,741 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Aep Holdings put in about $1,373 per active participant, below the typical peer ($1,792). 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $1,914,544 |
| Participant (employee) contributions | $4,275,983 |
| Other contributions (incl. rollovers in) | $914,304 |
| Administrative expenses paid from the plan | $165,807 |
| Other admin expenses | $73,229 |
| Benefits paid out | $7,559,271 |
| Net assets, start / end of year | $47.7M / $53.2M |
| Active participants, start / end of year | 1,406 / 1,383 |
| Participants with account balances | 1,841 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $92,578 reported compensation |
| Ifp Advisors, Inc. | $72,880 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151831NAL0001572291001, received 2025-10-14, EIN 80-0762958, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.