Purcell Tire & Rubber Company 401(k) Review & Grade
Purcell Tire & Rubber Company 401(k) Plan
Potosi, MORetail Trade850 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$540Employer $ per active participant
$4,612Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$65.2MNet plan assets, end of year
$51,765Average balance per account
Score breakdown
- Employer generosity19.5 / 5039th percentile for employer $ per participant
- Low cost17.1 / 2568th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 68th |
| Employee saving | 76th |
| Peers that auto-enroll | 48% |
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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 $21,519 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Purcell Tire & Rubber put in about $540 per active participant, below the typical peer ($743). 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 | $458,741 |
| Participant (employee) contributions | $3,917,760 |
| Other contributions (incl. rollovers in) | $5,111,678 |
| Administrative expenses paid from the plan | $74,597 |
| Investment advisory & management fees | $83,229 |
| Benefits paid out | $6,040,723 |
| Net assets, start / end of year | $54.3M / $65.2M |
| Active participants, start / end of year | 711 / 988 |
| Participants with account balances | 1,259 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Commonwealth Financial Network | $83,229 reported compensation |
| Fidelity Investments Institutional | −$8,632 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917123716NAL0000362481001, received 2025-09-17, EIN 43-0922026, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.