Plastics Family Holdings, Inc. 401(k) Review & Grade
Plastics Family Holdings, Inc. Profit Sharing & Retirement Savings Plan
Irving, TXWholesale Trade1,143 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,674Employer $ per active participant
$5,814Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$109.0MNet plan assets, end of year
$82,286Average balance per account
Score breakdown
- Employer generosity23.4 / 5047th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 47th |
| Lower admin cost | 71th |
| Employee saving | 66th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $9,888 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Plastics Family Holdings put in about $1,674 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.
- 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 | $1,913,609 |
| Participant (employee) contributions | $6,645,675 |
| Other contributions (incl. rollovers in) | $1,129,394 |
| Administrative expenses paid from the plan | $117,870 |
| Investment advisory & management fees | $60,333 |
| Benefits paid out | $12,393,553 |
| Net assets, start / end of year | $99.3M / $109.0M |
| Active participants, start / end of year | 1,129 / 1,157 |
| Participants with account balances | 1,325 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $46,037 reported compensation |
| NFP Retirement Inc | $45,083 reported compensation |
| Usi Advisors Inc | $15,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003142501NAL0002477248001, received 2025-10-03, EIN 11-2578749, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.