DXP Enterprises, Inc. 401(k) Review & Grade
DXP Enterprises, Inc. 401(k) Retirement Plan
Houston, TXWholesale Trade2,778 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,718Employer $ per active participant
$5,453Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$250.0MNet plan assets, end of year
$63,510Average balance per account
Score breakdown
- Employer generosity27.9 / 5056th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving7.1 / 1547th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 98th |
| Employee saving | 47th |
| Peers that auto-enroll | 62% |
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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
- DXP Enterprises put in about $2,718 per active participant, more than the typical peer ($2,459). 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.
- 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 | $7,550,315 |
| Participant (employee) contributions | $15,146,017 |
| Other contributions (incl. rollovers in) | $2,758,741 |
| Administrative expenses paid from the plan | $15,666 |
| Contract administrator fees | $600 |
| Investment advisory & management fees | $61,369 |
| Other admin expenses | $3,750 |
| Benefits paid out | $25,013,181 |
| Net assets, start / end of year | $209.0M / $250.0M |
| Active participants, start / end of year | 2,654 / 2,901 |
| Participants with account balances | 3,937 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Crowe LLP |
| Employer stock held by plan | $15,183,440 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $61,369 reported compensation |
| Fidelity Investments Institutional | −$48,807 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008093835NAL0003164435001, received 2025-10-08, EIN 76-0509661, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.