Precision Walls, Inc. 401(k) Review & Grade
Precision Walls, Inc. 401(k) Plan
Cary, NCConstruction1,030 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$435Employer $ per active participant
$2,699Employee $ saved per active participant
0.37%Direct admin cost, % of plan assets
$28.3MNet plan assets, end of year
$23,247Average balance per account
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost8.3 / 2533th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score27 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 33th |
| Employee saving | 33th |
| Peers that auto-enroll | 44% |
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 $134,162 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Precision Walls put in about $435 per active participant, below the typical peer ($1,672). 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 (0.37% 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.
- 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 | $448,529 |
| Participant (employee) contributions | $2,781,808 |
| Other contributions (incl. rollovers in) | $43,204 |
| Administrative expenses paid from the plan | $96,192 |
| Contract administrator fees | $95,074 |
| Investment advisory & management fees | $1,118 |
| Benefits paid out | $2,094,416 |
| Net assets, start / end of year | $24.1M / $28.3M |
| Active participants, start / end of year | 1,036 / 1,025 |
| Participants with account balances | 1,216 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Ascensus LLC | $95,074 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001082402NAL0031192770001, received 2025-10-01, EIN 56-1171361, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.