Ferguson Enterprises, LLC 401(k) Review & Grade
Ferguson Enterprises, LLC, 401(k) Retirement Savings Plan
Newport News, VAWholesale Trade30,680 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,465Employer $ per active participant
$6,319Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$3.6BNet plan assets, end of year
$93,100Average balance per account
Score breakdown
- Employer generosity26.5 / 5053th percentile for employer $ per participant
- Low cost19.9 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving10.6 / 1571th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 79th |
| Employee saving | 71th |
| Peers that auto-enroll | 63% |
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
Corrective distributions: the plan refunded $1,124 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ferguson Enterprises put in about $2,465 per active participant, more than the typical peer ($2,420). 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 | $75,624,725 |
| Participant (employee) contributions | $193,865,281 |
| Other contributions (incl. rollovers in) | $22,609,151 |
| Administrative expenses paid from the plan | $1,243,000 |
| Investment advisory & management fees | $112,500 |
| Benefits paid out | $275,588,120 |
| Net assets, start / end of year | $3.2B / $3.6B |
| Active participants, start / end of year | 30,859 / 30,502 |
| Participants with account balances | 38,506 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pbmares, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $1,036,238 reported compensation |
| Prudential Insurance Co. | $790,024 reported compensation |
| Prudential Trust Co. | $694,307 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010150149NAL0008363457001, received 2025-10-10, EIN 54-1473338, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.