Pearce Industries, Inc. 401(k) Review & Grade
Pearce Industries, Inc. 401(k) Retirement and Savings Plan
Houston, TXTransportation & Warehousing1,052 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,414Employer $ per active participant
$3,869Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$73.1MNet plan assets, end of year
$61,369Average balance per account
Score breakdown
- Employer generosity38.6 / 5077th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving9.3 / 1562th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 36th |
| Employee saving | 62th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,994 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Pearce Industries put in about $2,414 per active participant, more than the typical peer ($1,070). 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.
- 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 | $2,540,297 |
| Participant (employee) contributions | $4,071,872 |
| Other contributions (incl. rollovers in) | $787,051 |
| Administrative expenses paid from the plan | $234,059 |
| Investment advisory & management fees | $190,288 |
| Benefits paid out | $4,238,648 |
| Net assets, start / end of year | $63.6M / $73.1M |
| Active participants, start / end of year | 1,029 / 1,076 |
| Participants with account balances | 1,191 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton, LLP |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $131,286 reported compensation |
| World Investment Advisors LLC | $59,002 reported compensation |
| Empower Annuity Insurance Company O | $42,271 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013111541NAL0000525651001, received 2025-10-13, EIN 74-1892795, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.