American Builders & Contractors Supply Co Inc 401(k) Review & Grade
Abc Supply Company Employees' Savings & Retirement Plan
Beloit, WIWholesale Trade19,392 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,552Employer $ per active participant
$4,544Employee $ saved per active participant
0.10%Direct admin cost, % of plan assets
$1.3BNet plan assets, end of year
$89,138Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 43th |
| Employee saving | 41th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $6,244 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- American Builders & Contractors Supply Co put in about $2,552 per active participant, more than the typical peer ($2,420). 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.
- 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.
- 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 | $49,493,047 |
| Participant (employee) contributions | $88,118,924 |
| Other contributions (incl. rollovers in) | $11,038,898 |
| Administrative expenses paid from the plan | $1,180,395 |
| Contract administrator fees | $3,900 |
| Investment advisory & management fees | $422,437 |
| Other admin expenses | $14,981 |
| Benefits paid out | $100,438,303 |
| Net assets, start / end of year | $1.0B / $1.3B |
| Active participants, start / end of year | 19,388 / 19,397 |
| Participants with account balances | 14,062 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $742,977 reported compensation |
| Strategic Advisors, Inc. | $422,437 reported compensation |
| Wipfli LLP | $14,572 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006091137NAL0001745971001, received 2025-10-06, EIN 39-1413708, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.