1155-55h Partners, LLC 401(k) Review & Grade
Distribution Services Retirement Plan
Houston, TXWholesale Trade564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,223Employer $ per active participant
$3,802Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
$59,951Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost19.5 / 2578th percentile for low admin cost vs. same-size plans
- Employee saving5.4 / 1536th 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 score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 78th |
| Employee saving | 36th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $220 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- 1155-55h Partners put in about $2,223 per active participant, more than the typical peer ($1,792). 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.
- 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 | $1,252,849 |
| Participant (employee) contributions | $2,142,398 |
| Other contributions (incl. rollovers in) | $813,307 |
| Administrative expenses paid from the plan | $12,247 |
| Contract administrator fees | $2,927 |
| Investment advisory & management fees | $4,545 |
| Other admin expenses | $4,775 |
| Benefits paid out | $228,781 |
| Net assets, start / end of year | $11.7M / $17.5M |
| Active participants, start / end of year | 456 / 671 |
| Participants with account balances | 292 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Harper & Pearson Company, P.C. |
Largest service providers (Schedule C)
| John Hancock Life Insurance Company | $15,780 reported compensation |
| Wilshire Associates Inc | $2,917 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014172022NAL0003376177001, received 2025-10-14, EIN 47-1540897, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.