Coburn Supply Company, Inc. 401(k) Review & Grade
Employees 401(k) Plan of Coburn Supply Company, Inc.
Beaumont, TXWholesale Trade1,107 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,421Employer $ per active participant
$4,074Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$84.9MNet plan assets, end of year
$78,773Average balance per account
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 51th |
| Employee saving | 41th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Coburn Supply Company put in about $1,421 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 | $1,572,993 |
| Participant (employee) contributions | $4,510,425 |
| Other contributions (incl. rollovers in) | $127 |
| Administrative expenses paid from the plan | $174,712 |
| Investment advisory & management fees | $49,977 |
| Benefits paid out | $5,298,156 |
| Net assets, start / end of year | $73.0M / $84.9M |
| Active participants, start / end of year | 1,008 / 1,206 |
| Participants with account balances | 1,078 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $103,735 reported compensation |
| Stokes Family Office LLC | $49,977 reported compensation |
| Crowe LLP | $21,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020160639NAL0000507155001, received 2025-10-20, EIN 76-0700401, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.