Republic Elite, LLC 401(k) Review & Grade
Republic Elite 401(k) Plan
Addison, TXManufacturing964 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$966Employer $ per active participant
$1,896Employee $ saved per active participant
0.67%Direct admin cost, % of plan assets
$18.8MNet plan assets, end of year
$21,897Average balance per account
Score breakdown
- Employer generosity8.0 / 5016th percentile for employer $ per participant
- Low cost3.5 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1510th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 14th |
| Employee saving | 10th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Republic Elite put in about $966 per active participant, below the typical peer ($2,320). 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 (0.67% 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.
- 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 | $930,753 |
| Participant (employee) contributions | $1,827,614 |
| Other contributions (incl. rollovers in) | $288,279 |
| Administrative expenses paid from the plan | $119,105 |
| Investment advisory & management fees | $51,183 |
| Benefits paid out | $2,973,115 |
| Net assets, start / end of year | $16.7M / $18.8M |
| Active participants, start / end of year | 1,043 / 885 |
| Participants with account balances | 860 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | RKL LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $67,922 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $49,901 reported compensation |
| Empower Advisory Group, LLC | $1,282 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250723103133NAL0001805987001, received 2025-07-23, EIN 36-4863352, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.