Fikes Wholesale, LLC 401(k) Review & Grade
The Fikes Companies Profit Sharing Plan & Trust
Temple, TXRetail Trade622 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,123Employer $ per active participant
$1,990Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$10.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity33.2 / 5066th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving5.0 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 90th |
| Employee saving | 34th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Fikes Wholesale put in about $1,123 per active participant, more than the typical peer ($743). 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.
- 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 | $698,287 |
| Participant (employee) contributions | $1,237,799 |
| Other contributions (incl. rollovers in) | $195,568 |
| Administrative expenses paid from the plan | $5,085 |
| Other admin expenses | $5,085 |
| Benefits paid out | $1,200,878 |
| Net assets, start / end of year | $14.4M / $10.5M |
| Active participants, start / end of year | 564 / 680 |
| Participants with account balances | 252 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Jrbt, PC |
Largest service providers (Schedule C)
| T. Rowe Price RPS, Inc. | $5,085 reported compensation |
| American Century | $0 reported compensation |
| Invesco | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260730151756NAL0022644449001, received 2026-07-30, EIN 74-1857841, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.