Shoppa's Material Handling, Inc. 401(k) Review & Grade
Shoppa's Material Handling, Inc. 401(k) Profit Sharing Plan & Trust
Fort Worth, TXTransportation & Warehousing648 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$733Employer $ per active participant
$2,509Employee $ saved per active participant
0.54%Direct admin cost, % of plan assets
$20.4MNet plan assets, end of year
$49,360Average balance per account
Score breakdown
- Employer generosity19.1 / 5038th percentile for employer $ per participant
- Low cost5.1 / 2521th percentile for low admin cost vs. same-size plans
- Employee saving6.1 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 21th |
| Employee saving | 41th |
| Peers that auto-enroll | 37% |
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Red flags from the filing
Corrective distributions: the plan refunded $38,834 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Shoppa's Material Handling put in about $733 per active participant, below the typical peer ($1,070). 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 (0.54% 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 | $475,026 |
| Participant (employee) contributions | $1,626,022 |
| Other contributions (incl. rollovers in) | $231,560 |
| Administrative expenses paid from the plan | $105,578 |
| Investment advisory & management fees | $39,000 |
| Benefits paid out | $2,857,917 |
| Net assets, start / end of year | $18.6M / $20.4M |
| Active participants, start / end of year | 644 / 652 |
| Participants with account balances | 413 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Mesch, PLLC |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $66,578 reported compensation |
| Empower Advisory Group, LLC | $39,000 reported compensation |
| Kestra Investment Services LLC | $35,222 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015151133NAL0005253809001, received 2025-10-15, EIN 75-2163913, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.