Primesource Building Products, Inc. 401(k) Review & Grade
Primesource Retirement Savings Plus Plan
Irving, TXWholesale Trade2,194 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,048Employer $ per active participant
$5,792Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$188.7MNet plan assets, end of year
$66,305Average balance per account
Score breakdown
- Employer generosity37.4 / 5075th percentile for employer $ per participant
- Low cost15.1 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 61th |
| Employee saving | 66th |
| 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
- Primesource Building Products put in about $3,048 per active participant, more than the typical peer ($1,792). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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 | $6,688,328 |
| Participant (employee) contributions | $12,711,401 |
| Other contributions (incl. rollovers in) | $1,416,776 |
| Administrative expenses paid from the plan | $288,655 |
| Contract administrator fees | $273,355 |
| Other admin expenses | $15,300 |
| Benefits paid out | $18,898,280 |
| Net assets, start / end of year | $163.9M / $188.7M |
| Active participants, start / end of year | 2,068 / 2,321 |
| Participants with account balances | 2,846 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $288,753 reported compensation |
| Provenance Wealth Advisors | $141,972 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001155104NAL0006011795001, received 2025-10-01, EIN 75-2751831, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.