Peltram Plumbing Holdings LLC 401(k) Review & Grade
P3 Services Consolidated 401(k) Plan
Hockley, TXConstruction773 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,612Employer $ per active participant
$3,148Employee $ saved per active participant
0.50%Direct admin cost, % of plan assets
$18.8MNet plan assets, end of year
$27,040Average balance per account
Score breakdown
- Employer generosity24.0 / 5048th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 23th |
| Employee saving | 39th |
| Peers that auto-enroll | 44% |
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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 ($462,202 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $747 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Peltram Plumbing Holdings put in about $1,612 per active participant, below the typical peer ($1,672). 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 (0.50% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $1,246,269 |
| Participant (employee) contributions | $2,433,387 |
| Other contributions (incl. rollovers in) | $226,306 |
| Administrative expenses paid from the plan | $88,703 |
| Contract administrator fees | $8,510 |
| Investment advisory & management fees | $54,834 |
| Benefits paid out | $1,431,648 |
| Net assets, start / end of year | $16.7M / $18.8M |
| Active participants, start / end of year | 766 / 780 |
| Participants with account balances | 697 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Robertson & Robertson PLLC |
Largest service providers (Schedule C)
| World Investment Advisors LLC | $45,952 reported compensation |
| Empower Annuity Insurance Company | $25,359 reported compensation |
| Empower Advisory Group, LLC | $8,890 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251216093051NAL0001272451001, received 2025-12-16, EIN 83-1054877, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.