Ffi Holdings, III Corp 401(k) Review & Grade
Flow Control Group 401(k) Plan
Charlotte, NCWholesale Trade2,088 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,717Employer $ per active participant
$7,379Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$217.6MNet plan assets, end of year
$89,991Average balance per account
Score breakdown
- Employer generosity40.8 / 5082th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving12.3 / 1582th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 46th |
| Employee saving | 82th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($341,298 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $57 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Ffi Holdings, III put in about $3,717 per active participant, more than the typical peer ($1,792). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $7,760,263 |
| Participant (employee) contributions | $15,404,157 |
| Other contributions (incl. rollovers in) | $9,507,417 |
| Administrative expenses paid from the plan | $484,716 |
| Investment advisory & management fees | $68,432 |
| Other admin expenses | $19,000 |
| Benefits paid out | $14,277,552 |
| Net assets, start / end of year | $156.8M / $217.6M |
| Active participants, start / end of year | 2,038 / 2,137 |
| Participants with account balances | 2,418 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Ernst & Young LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $416,284 reported compensation |
| Empower Advisory Group, LLC | $68,432 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414131211NAL0018514769001, received 2026-04-14, EIN 47-2743389, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.