Fastener Distribution Holdings, LLC 401(k) Review & Grade
FDH 401(k) Profit Sharing Plan
Commerce, CAWholesale Trade896 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,449Employer $ per active participant
$2,916Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$40.2MNet plan assets, end of year
$59,380Average balance per account
Score breakdown
- Employer generosity19.6 / 5039th percentile for employer $ per participant
- Low cost9.9 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving3.3 / 1522th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 40th |
| Employee saving | 22th |
| Peers that auto-enroll | 53% |
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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 ($137,933 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
- Fastener Distribution Holdings put in about $1,449 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 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 | $1,297,262 |
| Participant (employee) contributions | $2,611,168 |
| Other contributions (incl. rollovers in) | $1,691,080 |
| Administrative expenses paid from the plan | $93,187 |
| Benefits paid out | $2,716,967 |
| Net assets, start / end of year | $20.3M / $40.2M |
| Active participants, start / end of year | 844 / 947 |
| Participants with account balances | 677 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Holthouse Carlin & Van Trigt LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co | $42,826 reported compensation |
| Retirement Wellness Group LLC | $42,387 reported compensation |
| Empower Advisory Group LLC | $11,790 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014172611NAL0001702611001, received 2025-10-14, EIN 47-1160996, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.