Reliance, Inc. 401(k) Review & Grade
Reliance, Inc. Master 401(k) Plan
Scottsdale, AZWholesale Trade11,690 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,746Employer $ per active participant
$6,029Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.7BNet plan assets, end of year
$127,613Average balance per account
Score breakdown
- Employer generosity32.4 / 5065th percentile for employer $ per participant
- Low cost23.1 / 2593th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-23 pts3 issues reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 65th |
| Lower admin cost | 93th |
| Employee saving | 65th |
| Peers that auto-enroll | 63% |
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($93,177 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $30,916 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Reliance put in about $2,746 per active participant, more than the typical peer ($2,420). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $32,098,244 |
| Participant (employee) contributions | $70,478,945 |
| Other contributions (incl. rollovers in) | $5,584,340 |
| Administrative expenses paid from the plan | $279,364 |
| Benefits paid out | $172,234,098 |
| Net assets, start / end of year | $1.5B / $1.7B |
| Active participants, start / end of year | 11,088 / 12,293 |
| Participants with account balances | 12,955 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Grant Thornton LLP |
| Employer stock held by plan | $174,570,413 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $274,688 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929113900NAL0013804944001, received 2025-09-29, EIN 95-1142616, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.
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