Priority-1, Inc. 401(k) Review & Grade
Priority-1, Inc. 401(k) and Profit Sharing Plan
Little Rock, ARWholesale Trade836 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,869Employer $ per active participant
$3,482Employee $ saved per active participant
0.13%Direct admin cost, % of plan assets
$54.1MNet plan assets, end of year
$51,113Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost16.8 / 2567th percentile for low admin cost vs. same-size plans
- Employee saving4.7 / 1531th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 67th |
| Employee saving | 31th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $144,792 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Priority-1 put in about $9,869 per active participant, more than the typical peer ($1,792). 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 | $8,255,213 |
| Participant (employee) contributions | $2,912,900 |
| Other contributions (incl. rollovers in) | $304,529 |
| Administrative expenses paid from the plan | $70,329 |
| Investment advisory & management fees | $41,925 |
| Benefits paid out | $2,278,194 |
| Net assets, start / end of year | $0 / $54.1M |
| Active participants, start / end of year | 815 / 858 |
| Participants with account balances | 1,059 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HCJ Cpas & Advisors, PLLC |
Largest service providers (Schedule C)
| Creative Planning Holdco LLC | $41,925 reported compensation |
| Schwab Retirement Plan Services,inc | $28,404 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014091741NAL0005202274001, received 2025-10-14, EIN 71-0790065, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.