Driveline Retail Merchandising Inc. 401(k) Review & Grade
Driveline Retail Merchandising 401k Plan
Coppell, TXProfessional, Scientific & Technical Services5,346 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$16Employer $ per active participant
$142Employee $ saved per active participant
0.95%Direct admin cost, % of plan assets
$7.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.8 / 506th percentile for employer $ per participant
- Low cost1.2 / 255th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 5th |
| Employee saving | 2th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $120 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Driveline Retail Merchandising put in about $16 per active participant, below the typical peer ($2,951). 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 (0.95% of assets) are well above similar-size plans (0.12%). 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 | $84,616 |
| Participant (employee) contributions | $761,217 |
| Other contributions (incl. rollovers in) | $94,527 |
| Administrative expenses paid from the plan | $63,305 |
| Benefits paid out | $887,279 |
| Net assets, start / end of year | $6.4M / $7.0M |
| Active participants, start / end of year | 3,938 / 6,754 |
| Participants with account balances | 619 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | JKL Rosenberger, LLP |
Largest service providers (Schedule C)
| Nationwide | $59,305 reported compensation |
| American United Life Insurance Co | $26,816 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251020092709NAL0000765507001, received 2025-10-20, EIN 22-2049560, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.