SCP Distributors, LLC 401(k) Review & Grade
Pool Corporation 401(k) Plan
Covington, LAWholesale Trade4,754 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,153Employer $ per active participant
$4,191Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$436.0MNet plan assets, end of year
$75,096Average balance per account
Score breakdown
- Employer generosity21.1 / 5042th percentile for employer $ per participant
- Low cost16.0 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 64th |
| Employee saving | 29th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- SCP Distributors put in about $2,153 per active participant, below the typical peer ($2,459). 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 | $10,235,234 |
| Participant (employee) contributions | $19,925,292 |
| Other contributions (incl. rollovers in) | $691,253 |
| Administrative expenses paid from the plan | $335,608 |
| Investment advisory & management fees | $11,907 |
| Other admin expenses | $34,954 |
| Benefits paid out | $41,021,778 |
| Net assets, start / end of year | $393.2M / $436.0M |
| Active participants, start / end of year | 4,742 / 4,766 |
| Participants with account balances | 5,806 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Eisneramper LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $288,747 reported compensation |
| Creative Planning | $35,000 reported compensation |
| Morningstar | $11,907 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250813130811NAL0004891939001, received 2025-08-13, EIN 36-3926337, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.