White Cap, L.P. 401(k) Review & Grade
White Cap 401(k) Retirement Plan
Atlanta, GAConstruction9,198 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,867Employer $ per active participant
$5,992Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$782.1MNet plan assets, end of year
$70,803Average balance per account
Score breakdown
- Employer generosity33.3 / 5067th percentile for employer $ per participant
- Low cost8.9 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score58 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 36th |
| Employee saving | 61th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Corrective distributions: the plan refunded $373 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- White Cap, L.P. put in about $2,867 per active participant, more than the typical peer ($1,965). 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 (0.19% of assets) are well above similar-size plans (0.12%). 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.
- 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 | $26,370,822 |
| Participant (employee) contributions | $55,113,748 |
| Other contributions (incl. rollovers in) | $7,094,171 |
| Administrative expenses paid from the plan | $1,341,230 |
| Benefits paid out | $56,126,512 |
| Net assets, start / end of year | $595.1M / $782.1M |
| Active participants, start / end of year | 8,885 / 9,511 |
| Participants with account balances | 11,046 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bennett Thrasher |
Largest service providers (Schedule C)
| Alight Solutions LLC | $1,214,172 reported compensation |
| Northern Trust Company | $87,399 reported compensation |
| Bennett Thrasher LLP | $23,100 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250807094816NAL0003612499001, received 2025-08-07, EIN 26-0100647, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.