Installed Building Products, LLC 401(k) Review & Grade
Installed Building Products, LLC 401(k) Savings Plan and Trust
Columbus, OHRetail Trade9,758 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$248Employer $ per active participant
$1,351Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$137.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity9.6 / 5019th percentile for employer $ per participant
- Low cost9.1 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score14 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 19th |
| Lower admin cost | 36th |
| Employee saving | 34th |
| 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.
Corrective distributions: the plan refunded $1,214,258 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Installed Building Products put in about $248 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 (0.19% 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.
- 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 | $2,417,643 |
| Participant (employee) contributions | $13,182,163 |
| Other contributions (incl. rollovers in) | $881,871 |
| Administrative expenses paid from the plan | $245,161 |
| Investment advisory & management fees | $69,963 |
| Benefits paid out | $9,791,408 |
| Net assets, start / end of year | $118.1M / $137.7M |
| Active participants, start / end of year | 9,515 / 10,000 |
| Participants with account balances | 2,943 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $175,198 reported compensation |
| Usi Advisors Inc | $53,500 reported compensation |
| Strategic Advisors, Inc. | $16,463 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009102858NAL0010763216001, received 2025-10-09, EIN 31-1795875, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.