Powerhouse Retail Services, LLC 401(k) Review & Grade
Powerhouse Retail Services 401(k) Plan
Crowley, TXProfessional, Scientific & Technical Services716 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$480Employer $ per active participant
$3,345Employee $ saved per active participant
0.41%Direct admin cost, % of plan assets
$25.7MNet plan assets, end of year
$44,320Average balance per account
Score breakdown
- Employer generosity6.6 / 5013th percentile for employer $ per participant
- Low cost7.3 / 2529th percentile for low admin cost vs. same-size plans
- Employee saving2.6 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 13th |
| Lower admin cost | 29th |
| Employee saving | 17th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,851 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Powerhouse Retail Services put in about $480 per active participant, below the typical peer ($3,082). 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 (0.41% 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 | $343,901 |
| Participant (employee) contributions | $2,395,047 |
| Other contributions (incl. rollovers in) | $1,103,614 |
| Administrative expenses paid from the plan | $109,129 |
| Investment advisory & management fees | $56,616 |
| Other admin expenses | $8,943 |
| Benefits paid out | $8,871,082 |
| Net assets, start / end of year | $27.1M / $25.7M |
| Active participants, start / end of year | 702 / 730 |
| Participants with account balances | 579 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kha Accountants, PLLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $52,754 reported compensation |
| Creative Planning LLC | $39,701 reported compensation |
| Raymond James & Associates Inc | $9,217 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002105414NAL0000347073001, received 2025-10-02, EIN 26-0761398, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.