Cabinetworks Group, Inc. 401(k) Review & Grade
Cabinetworks Group 401(k) Plan
The Colony, TXManufacturing7,792 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,538Employer $ per active participant
$2,805Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$367.6MNet plan assets, end of year
$46,191Average balance per account
Score breakdown
- Employer generosity9.5 / 5019th percentile for employer $ per participant
- Low cost7.6 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 31th |
| Employee saving | 14th |
| Peers that auto-enroll | 70% |
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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 $142,350 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cabinetworks Group put in about $1,538 per active participant, below the typical peer ($3,452). 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 (0.22% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $11,987,080 |
| Participant (employee) contributions | $21,858,020 |
| Other contributions (incl. rollovers in) | $1,829,531 |
| Administrative expenses paid from the plan | $795,803 |
| Contract administrator fees | $3,600 |
| Investment advisory & management fees | $138,313 |
| Other admin expenses | $150,000 |
| Benefits paid out | $58,699,540 |
| Net assets, start / end of year | $340.9M / $367.6M |
| Active participants, start / end of year | 9,211 / 6,374 |
| Participants with account balances | 7,959 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Anders Minkler Huber & Helm LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $489,460 reported compensation |
| Creative Planning, LLC | $150,000 reported compensation |
| Strategic Advisors, Inc. | $138,313 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003131524NAL0001422113001, received 2025-10-03, EIN 46-0786059, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.