E. E. Reed Co., LTD 401(k) Review & Grade
Reed Companies Profit Sharing Plan and Trust
Sugarland, TXConstruction530 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$16,302Employer $ per active participant
$4,227Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$89.5MNet plan assets, end of year
$214,597Average balance per account
Score breakdown
- Employer generosity49.6 / 5099th percentile for employer $ per participant
- Low cost24.2 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 99th |
| Lower admin cost | 97th |
| Employee saving | 54th |
| Peers that auto-enroll | 44% |
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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 ($167 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- E. E. Reed Co. put in about $16,302 per active participant, more than the typical peer ($1,672). 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.
- 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 | $8,640,252 |
| Participant (employee) contributions | $2,240,571 |
| Other contributions (incl. rollovers in) | $324,132 |
| Administrative expenses paid from the plan | $12,730 |
| Contract administrator fees | $4,395 |
| Benefits paid out | $5,065,370 |
| Net assets, start / end of year | $82.7M / $89.5M |
| Active participants, start / end of year | 364 / 696 |
| Participants with account balances | 417 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton, LLP |
Largest service providers (Schedule C)
| Sigma Financial Corporation | $63,365 reported compensation |
| Empower Annuity Insurance Company | $14,180 reported compensation |
| Advised Assets Group, LLC | $1,829 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813111609NAL0004843955001, received 2025-08-13, EIN 74-1899182, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.