Priority Wire & Cable, Inc. 401(k) Review & Grade
Priority Wire & Cable, Inc 401(k) & Profit Sharing Plan
Little Rock, ARWholesale Trade1,124 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,762Employer $ per active participant
$1,834Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$70.1MNet plan assets, end of year
$92,797Average balance per account
Score breakdown
- Employer generosity47.1 / 5094th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score72 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 65th |
| Employee saving | 11th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $171,489 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Priority Wire & Cable put in about $6,762 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.
- 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 | $7,600,085 |
| Participant (employee) contributions | $2,061,464 |
| Other contributions (incl. rollovers in) | $217,414 |
| Administrative expenses paid from the plan | $118,639 |
| Investment advisory & management fees | $44,978 |
| Benefits paid out | $4,468,005 |
| Net assets, start / end of year | $97.7M / $70.1M |
| Active participants, start / end of year | 1,520 / 728 |
| Participants with account balances | 755 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HCJ Cpas & Advisors, PLLC |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $56,988 reported compensation |
| Creative Planning Holdco LLC | $44,958 reported compensation |
| HCJ Cpas and Advisors PLLC | $16,680 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250924154250NAL0010831762001, received 2025-09-24, EIN 71-0732557, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.