Replacement Parts, Inc. 401(k) Review & Grade
Replacement Parts, Inc. 401(k) Retirement Savings Plan
Little Rock, ARManagement of Companies1,224 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$956Employer $ per active participant
$1,522Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$39.3MNet plan assets, end of year
$25,836Average balance per account
Score breakdown
- Employer generosity8.5 / 5017th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving1.4 / 159th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score32 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 17th |
| Lower admin cost | 62th |
| Employee saving | 9th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,192 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Replacement Parts put in about $956 per active participant, below the typical peer ($2,492). 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.
- 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 | $1,169,809 |
| Participant (employee) contributions | $1,862,147 |
| Other contributions (incl. rollovers in) | $103,950 |
| Administrative expenses paid from the plan | $58,255 |
| Investment advisory & management fees | $5,963 |
| Benefits paid out | $3,113,386 |
| Net assets, start / end of year | $35.4M / $39.3M |
| Active participants, start / end of year | 1,212 / 1,235 |
| Participants with account balances | 1,523 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | HCJ Cpas & Advisors, PLLC |
Largest service providers (Schedule C)
| Milliman, Inc. | $42,315 reported compensation |
| First Security Bank | $9,977 reported compensation |
| Matrix Trust Company | $9,977 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014163901NAL0006825218001, received 2025-10-14, EIN 71-0681030, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.