Forterra Pipe & Precast, LLC 401(k) Review & Grade
Quikrete Companies Retirement Savings Plan for
Atlanta, GAManufacturing1,266 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,066Employer $ per active participant
$3,205Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$51.8MNet plan assets, end of year
$46,171Average balance per account
Score breakdown
- Employer generosity22.4 / 5045th percentile for employer $ per participant
- Low cost12.5 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving3.8 / 1525th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 45th |
| Lower admin cost | 50th |
| Employee saving | 25th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($63,245 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $2,161 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Forterra Pipe & Precast put in about $2,066 per active participant, below the typical peer ($2,320). 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,614,535 |
| Participant (employee) contributions | $4,056,156 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $111,134 |
| Contract administrator fees | $69,751 |
| Investment advisory & management fees | $17,134 |
| Other admin expenses | $24,249 |
| Benefits paid out | $7,108,755 |
| Net assets, start / end of year | $45.8M / $51.8M |
| Active participants, start / end of year | 1,191 / 1,340 |
| Participants with account balances | 1,122 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick, LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $83,516 reported compensation |
| Morgan Stanley Global | $24,295 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152820NAL0002552275001, received 2025-10-15, EIN 54-0179210, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.