Anderson Merchandisers, LLC 401(k) Review & Grade
Anderson Merchandisers Employee 401(k) Profit Sharing Plan
Plano, TXWholesale Trade2,448 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$717Employer $ per active participant
$1,975Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$108.9MNet plan assets, end of year
$38,175Average balance per account
Score breakdown
- Employer generosity7.1 / 5014th percentile for employer $ per participant
- Low cost17.8 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 71th |
| Employee saving | 12th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $44,313 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Anderson Merchandisers put in about $717 per active participant, below the typical peer ($1,792). 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.
- 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.
- 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 | $1,754,783 |
| Participant (employee) contributions | $4,834,475 |
| Other contributions (incl. rollovers in) | $50,772 |
| Administrative expenses paid from the plan | $118,101 |
| Other admin expenses | $436 |
| Benefits paid out | $13,655,838 |
| Net assets, start / end of year | $102.8M / $108.9M |
| Active participants, start / end of year | 2,454 / 2,442 |
| Participants with account balances | 2,853 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Lbmc,pc |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $117,665 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930082626NAL0028861266001, received 2025-09-30, EIN 46-1946304, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.