Brookshire Holdings, Inc. 401(k) Review & Grade
Brookshire's Employee Stock Ownership and 401(k) Plan
Tyler, TXRetail Trade10,685 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$674Employer $ per active participant
$1,808Employee $ saved per active participant
0.25%Direct admin cost, % of plan assets
$380.6MNet plan assets, end of year
$23,352Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 10,000+ active participants (124 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 13th |
| Employee saving | 59th |
| Peers that auto-enroll | 32% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($564 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $87,217 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Brookshire Holdings put in about $674 per active participant, below the typical peer ($689). 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.
- Direct plan expenses (0.25% of assets) are well above similar-size plans (0.09%). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $7,204,827 |
| Participant (employee) contributions | $19,316,634 |
| Other contributions (incl. rollovers in) | $747,795 |
| Administrative expenses paid from the plan | $917,433 |
| Contract administrator fees | $747,407 |
| Other admin expenses | $20 |
| Benefits paid out | $37,823,908 |
| Net assets, start / end of year | $366.8M / $380.6M |
| Active participants, start / end of year | 10,742 / 10,628 |
| Participants with account balances | 16,299 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $936,287 reported compensation |
| Gallagher Fiduciary Advisors, LLC | $72,000 reported compensation |
| RSM US LLP | $30,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260715162312NAL0002386067001, received 2026-07-15, EIN 75-2894614, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.