Texas Pipe and Supply Company 401(k) Review & Grade
Texas Pipe & Supply Company 401(k) Plan
Houston, TXWholesale Trade1,341 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,760Employer $ per active participant
$4,121Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$64.3MNet plan assets, end of year
$42,097Average balance per account
Score breakdown
- Employer generosity24.6 / 5049th percentile for employer $ per participant
- Low cost10.4 / 2541th percentile for low admin cost vs. same-size plans
- Employee saving6.3 / 1542th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 49th |
| Lower admin cost | 41th |
| Employee saving | 42th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $2,647 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Texas Pipe and Supply put in about $1,760 per active participant, below the typical peer ($1,792). 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.
- 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 | $2,360,433 |
| Participant (employee) contributions | $5,525,974 |
| Other contributions (incl. rollovers in) | $1,278,516 |
| Administrative expenses paid from the plan | $172,669 |
| Investment advisory & management fees | $53,983 |
| Benefits paid out | $4,986,917 |
| Net assets, start / end of year | $53.7M / $64.3M |
| Active participants, start / end of year | 1,246 / 1,436 |
| Participants with account balances | 1,528 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Harper and Pearson |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $118,686 reported compensation |
| Ubs Financial Services Inc | $32,500 reported compensation |
| Strategic Advisors, Inc. | $21,483 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015163254NAL0006934640001, received 2025-10-15, EIN 74-0942240, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.