Topbuild Corp. 401(k) Review & Grade
Topbuild Corp. 401(k) Plan
Daytona Beach, FLConstruction13,106 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,453Employer $ per active participant
$3,760Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$608.3MNet plan assets, end of year
$33,311Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost5.8 / 2523th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score23 / 100 · Grade F
This plan vs. peers
Peers: all industries, plans with 10,000+ active participants (fewer than 30 industry peers) (820 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 23th |
| Employee saving | 41th |
| Peers that auto-enroll | 50% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $512,086 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Topbuild put in about $1,453 per active participant, below the typical peer ($2,229). 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 (0.17% of assets) are well above similar-size plans (0.09%). 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.
- 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 | $19,041,057 |
| Participant (employee) contributions | $49,273,121 |
| Other contributions (incl. rollovers in) | $4,921,017 |
| Administrative expenses paid from the plan | $987,937 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $182,464 |
| Benefits paid out | $66,989,270 |
| Net assets, start / end of year | $538.7M / $608.3M |
| Active participants, start / end of year | 12,888 / 13,323 |
| Participants with account balances | 18,262 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
| Employer stock held by plan | $6,400,213 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $807,144 reported compensation |
| Strategic Advisors, Inc. | $182,464 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250627152305NAL0005559907001, received 2025-06-27, EIN 47-3096382, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.