Partner Industrial, LLC 401(k) Review & Grade
Partner Industrial, LLC 401(k) Savings Plan
Houston, TXOther Services2,306 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$0Employer $ per active participant
$286Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$6.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.3 / 505th percentile for employer $ per participant
- Low cost5.3 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving1.0 / 157th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 21th |
| Employee saving | 7th |
| Peers that auto-enroll | 40% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $43,256 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Partner Industrial put in about $0 per active participant, below the typical peer ($1,257). 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 (0.53% of assets) are well above similar-size plans (0.23%). 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 | $65 |
| Participant (employee) contributions | $658,598 |
| Other contributions (incl. rollovers in) | $135,564 |
| Administrative expenses paid from the plan | $29,781 |
| Investment advisory & management fees | $29,302 |
| Benefits paid out | $395,248 |
| Net assets, start / end of year | $5.2M / $6.1M |
| Active participants, start / end of year | 2,400 / 2,213 |
| Participants with account balances | 180 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Alliant Insurance Services Inc DBA | $26,943 reported compensation |
| Empower Advisory Group, LLC | $2,359 reported compensation |
| Empower Annuity Insurance Company | $479 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013111608NAL0000526259001, received 2025-10-13, EIN 36-4844556, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.