R. H. Barringer Distributing Co., Inc. 401(k) Review & Grade
R.H Barringer Distributing Company Inc. Employees Retirement Savings Plan
Greensboro, NCWholesale Trade794 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,039Employer $ per active participant
$3,278Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$61.3MNet plan assets, end of year
$62,789Average balance per account
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving4.1 / 1527th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 92th |
| Employee saving | 27th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($107 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- R. H. Barringer Distributing Co. put in about $1,039 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $825,750 |
| Participant (employee) contributions | $2,604,196 |
| Other contributions (incl. rollovers in) | $53,722 |
| Administrative expenses paid from the plan | $20,468 |
| Investment advisory & management fees | $7,078 |
| Benefits paid out | $4,209,629 |
| Net assets, start / end of year | $53.3M / $61.3M |
| Active participants, start / end of year | 691 / 898 |
| Participants with account balances | 976 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dmjps PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $13,390 reported compensation |
| Strategic Advisors, Inc. | $7,078 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250818120827NAL0001177457001, received 2025-08-18, EIN 56-0711649, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.