Chadwell Supply, Inc. 401(k) Review & Grade
Chadwell Supply, Inc. Retirement Savings Plan
Tampa, FLWholesale Trade2,380 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$577Employer $ per active participant
$1,627Employee $ saved per active participant
1.01%Direct admin cost, % of plan assets
$24.1MNet plan assets, end of year
$17,793Average balance per account
Score breakdown
- Employer generosity5.2 / 5010th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 6th |
| Employee saving | 9th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $32,335 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Chadwell Supply put in about $577 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.
- Direct plan expenses (1.01% 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.
- 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 | $1,373,204 |
| Participant (employee) contributions | $3,871,266 |
| Other contributions (incl. rollovers in) | $1,894,093 |
| Administrative expenses paid from the plan | $203,235 |
| Contract administrator fees | $24,040 |
| Investment advisory & management fees | $93,535 |
| Benefits paid out | $1,340,045 |
| Net assets, start / end of year | $16.2M / $24.1M |
| Active participants, start / end of year | 2,280 / 2,479 |
| Participants with account balances | 1,357 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Prida, Guida & Perez, P.A. |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $93,910 reported compensation |
| Principal Life Insurance Company | $85,660 reported compensation |
| Florida Retirement Consultants | $24,040 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003102426NAL0000787891001, received 2025-10-03, EIN 26-0290810, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.