Fleetpride, Inc. 401(k) Review & Grade
Fleetpride Inc. Retirement & Savings Plan
Irving, TXRetail Trade4,446 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$571Employer $ per active participant
$3,446Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$187.0MNet plan assets, end of year
$33,206Average balance per account
Score breakdown
- Employer generosity22.3 / 5045th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving10.8 / 1572th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 22th |
| Employee saving | 72th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Fleetpride put in about $571 per active participant, below the typical peer ($650). 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.
- Direct plan expenses (0.31% of assets) are well above similar-size plans (0.12%). 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 | $2,538,145 |
| Participant (employee) contributions | $15,317,307 |
| Other contributions (incl. rollovers in) | $3,663,872 |
| Administrative expenses paid from the plan | $545,877 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $143,476 |
| Other admin expenses | $46,994 |
| Benefits paid out | $23,532,524 |
| Net assets, start / end of year | $162.5M / $187.0M |
| Active participants, start / end of year | 4,288 / 4,603 |
| Participants with account balances | 5,632 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $368,782 reported compensation |
| Aurora Private Wealth Inc | $120,091 reported compensation |
| Whitleypenn | $33,618 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013115951NAL0001260273001, received 2025-10-13, EIN 63-0681070, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.