Associated Supply Company, Inc. 401(k) Review & Grade
Associated Supply Co., Inc 401(k) Profit Sharing PL
Lubbock, TXReal Estate & Rental557 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,935Employer $ per active participant
$5,057Employee $ saved per active participant
0.53%Direct admin cost, % of plan assets
$66.8MNet plan assets, end of year
$100,049Average balance per account
Score breakdown
- Employer generosity47.2 / 5094th percentile for employer $ per participant
- Low cost5.2 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving10.1 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 21th |
| Employee saving | 68th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Associated Supply Company put in about $5,935 per active participant, more than the typical peer ($1,279). 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 (0.53% of assets) are well above similar-size plans (0.23%). 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 | $3,305,917 |
| Participant (employee) contributions | $2,816,674 |
| Other contributions (incl. rollovers in) | $113,893 |
| Administrative expenses paid from the plan | $337,340 |
| Contract administrator fees | $100,391 |
| Investment advisory & management fees | $30,796 |
| Benefits paid out | $5,022,553 |
| Net assets, start / end of year | $59.6M / $66.8M |
| Active participants, start / end of year | 589 / 525 |
| Participants with account balances | 668 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bolinger, Segars, Gilbert & Moss |
Largest service providers (Schedule C)
| Lubbock National Bank | $206,153 reported compensation |
| Benefit Plans Admin Services | $131,852 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930113128NAL0011613681001, received 2025-09-30, EIN 75-1386410, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.