Austin Industries, Inc. 401(k) Review & Grade
Austin Advantage 401(k) Plan
Dallas, TXConstruction4,977 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,182Employer $ per active participant
$4,145Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$350.9MNet plan assets, end of year
$75,411Average balance per account
Score breakdown
- Employer generosity17.3 / 5035th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Construction plans with 2,500–9,999 active participants (76 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 35th |
| Lower admin cost | 83th |
| Employee saving | 44th |
| Peers that auto-enroll | 57% |
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Red flags from the filing
Corrective distributions: the plan refunded $15 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Austin Industries put in about $1,182 per active participant, below the typical peer ($1,965). 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 | $5,881,879 |
| Participant (employee) contributions | $20,629,216 |
| Other contributions (incl. rollovers in) | $3,549,230 |
| Administrative expenses paid from the plan | $141,077 |
| Other admin expenses | $141,077 |
| Benefits paid out | $40,414,450 |
| Net assets, start / end of year | $319.8M / $350.9M |
| Active participants, start / end of year | 6,789 / 3,165 |
| Participants with account balances | 4,653 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell LLP |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $174,012 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015131018NAL0002343587001, received 2025-10-15, EIN 75-1440225, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.