RPM Xconstruction 401(k) Review & Grade
RPM Xconstruction, LLC 401(k) Plan
Mckinney, TXConstruction760 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$813Employer $ per active participant
$2,046Employee $ saved per active participant
1.19%Direct admin cost, % of plan assets
$11.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost1.1 / 255th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score18 / 100 · Grade F
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 5th |
| Employee saving | 23th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $46,095 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- RPM Xconstruction put in about $813 per active participant, below the typical peer ($1,672). 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 (1.19% 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 | $617,522 |
| Participant (employee) contributions | $1,554,144 |
| Other contributions (incl. rollovers in) | $534,537 |
| Administrative expenses paid from the plan | $114,577 |
| Contract administrator fees | $114,577 |
| Benefits paid out | $1,081,611 |
| Net assets, start / end of year | $8.4M / $11.0M |
| Active participants, start / end of year | 738 / 781 |
| Participants with account balances | 315 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | The CJ CPA Group, PLLC |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $82,971 reported compensation |
| Ascensus | $31,974 reported compensation |
| Kestra Investment Services | $2,554 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908154328NAL0019601057001, received 2025-09-08, EIN 27-1953191, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.