Consolidated Electrical Distributors 401(k) Review & Grade
Employee 401(k) Savings Plan
Irving, TXWholesale Trade11,364 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,442Employer $ per active participant
$7,355Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$77,905Average balance per account
Score breakdown
- Employer generosity44.1 / 5088th percentile for employer $ per participant
- Low cost12.3 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving13.2 / 1588th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score70 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 10,000+ active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 88th |
| Lower admin cost | 49th |
| Employee saving | 88th |
| Peers that auto-enroll | 63% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- Consolidated Electrical Distributors put in about $4,442 per active participant, more than the typical peer ($2,420). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $50,480,428 |
| Participant (employee) contributions | $83,577,242 |
| Other contributions (incl. rollovers in) | $6,706,271 |
| Administrative expenses paid from the plan | $944,182 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $337,320 |
| Benefits paid out | $98,616,744 |
| Net assets, start / end of year | $961.1M / $1.2B |
| Active participants, start / end of year | 11,284 / 11,443 |
| Participants with account balances | 15,099 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $606,862 reported compensation |
| Strategic Advisors, Inc. | $242,320 reported compensation |
| Visionpoint Advisory Group | $95,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903130608NAL0031602098001, received 2025-09-03, EIN 77-0559191, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.