R.P. Lumber Co., Inc. 401(k) Review & Grade
R.P. Lumber & Plummer Companies 401(k) Plan
Edwardsville, ILRetail Trade840 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,312Employer $ per active participant
$3,627Employee $ saved per active participant
0.48%Direct admin cost, % of plan assets
$34.6MNet plan assets, end of year
$37,457Average balance per account
Score breakdown
- Employer generosity35.9 / 5072th percentile for employer $ per participant
- Low cost6.1 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving9.1 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 72th |
| Lower admin cost | 24th |
| Employee saving | 61th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $34,825 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- R.P. Lumber Co. put in about $1,312 per active participant, more than the typical peer ($743). 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.
- Direct plan expenses (0.48% 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.
- 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 | $1,101,882 |
| Participant (employee) contributions | $3,046,349 |
| Other contributions (incl. rollovers in) | $262,623 |
| Administrative expenses paid from the plan | $157,424 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $11,854 |
| Other admin expenses | $40,000 |
| Benefits paid out | $4,308,467 |
| Net assets, start / end of year | $30.6M / $34.6M |
| Active participants, start / end of year | 741 / 939 |
| Participants with account balances | 923 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Scheffel Boyle |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $81,170 reported compensation |
| Pension Consultants, Inc. | $40,000 reported compensation |
| Scheffel Boyle | $24,400 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013081954NAL0000949729001, received 2025-10-13, EIN 37-1056629, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.