The Quikrete Companies, LLC 401(k) Review & Grade
The Quikrete Companies Profit Sharing and Tax Deferred Plan
Atlanta, GAManufacturing12,606 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,557Employer $ per active participant
$2,939Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$622.1MNet plan assets, end of year
$89,551Average balance per account
Score breakdown
- Employer generosity6.7 / 5013th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving1.1 / 157th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 10,000+ active participants (151 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 17th |
| Employee saving | 7th |
| Peers that auto-enroll | 69% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Corrective distributions: the plan refunded $65,329 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Quikrete Companies put in about $1,557 per active participant, below the typical peer ($5,480). 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.
- Direct plan expenses (0.20% of assets) are well above similar-size plans (0.09%). 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 | $19,622,311 |
| Participant (employee) contributions | $37,052,623 |
| Other contributions (incl. rollovers in) | $1,695,540 |
| Administrative expenses paid from the plan | $1,195,776 |
| Contract administrator fees | $735,186 |
| Investment advisory & management fees | $431,090 |
| Other admin expenses | $29,500 |
| Benefits paid out | $55,663,326 |
| Net assets, start / end of year | $544.8M / $622.1M |
| Active participants, start / end of year | 12,489 / 12,724 |
| Participants with account balances | 6,947 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $805,093 reported compensation |
| Voya Retirement Advisors, LLC | $271,759 reported compensation |
| Morgan Stanley Global Banking Op | $93,685 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015150144NAL0002626083001, received 2025-10-15, EIN 31-1683563, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.