Equipment Depot, Inc. 401(k) Review & Grade
Equipment Depot Defined Contribution Plan
Waco, TXManagement of Companies1,786 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,919Employer $ per active participant
$6,342Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$155.2MNet plan assets, end of year
$75,337Average balance per account
Score breakdown
- Employer generosity18.4 / 5037th percentile for employer $ per participant
- Low cost12.9 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 52th |
| Employee saving | 56th |
| Peers that auto-enroll | 58% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Equipment Depot put in about $1,919 per active participant, below the typical peer ($2,492). 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 | $3,425,594 |
| Participant (employee) contributions | $11,323,576 |
| Other contributions (incl. rollovers in) | $2,161,671 |
| Administrative expenses paid from the plan | $321,010 |
| Contract administrator fees | $253,188 |
| Investment advisory & management fees | $42,492 |
| Benefits paid out | $22,204,369 |
| Net assets, start / end of year | $142.2M / $155.2M |
| Active participants, start / end of year | 1,872 / 1,699 |
| Participants with account balances | 2,060 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $253,188 reported compensation |
| Mercer | $42,492 reported compensation |
| Mcconnell & Jones LLP | $25,330 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250910163208NAL0045519762001, received 2025-09-10, EIN 11-3768341, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.