Imperial Distributors, Inc. 401(k) Review & Grade
Imperial Distributors, Inc. 401(k) Retirement Savings Plan
Worcester, MAWholesale Trade570 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$361Employer $ per active participant
$1,812Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$18.0MNet plan assets, end of year
$47,660Average balance per account
Score breakdown
- Employer generosity3.1 / 506th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 36th |
| Employee saving | 11th |
| 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
- Imperial Distributors put in about $361 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 | $205,761 |
| Participant (employee) contributions | $1,033,864 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $60,651 |
| Investment advisory & management fees | $2,403 |
| Benefits paid out | $1,709,336 |
| Net assets, start / end of year | $17.4M / $18.0M |
| Active participants, start / end of year | 572 / 569 |
| Participants with account balances | 377 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Tawney, PLLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $58,248 reported compensation |
| RBC Capital Markets LLC | $2,403 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251209101723NAL0003405985002, received 2025-12-09, EIN 04-2226128, plan #002, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.