Wholesale Electric Supply Company of Houston Inc 401(k) Review & Grade
Wholesale Electric Supply Company of Houston, Inc. Employee Savings Plan
Houston, TXWholesale Trade516 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,038Employer $ per active participant
$7,489Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$67.1MNet plan assets, end of year
$110,792Average balance per account
Score breakdown
- Employer generosity37.2 / 5074th percentile for employer $ per participant
- Low cost13.0 / 2552th percentile for low admin cost vs. same-size plans
- Employee saving12.4 / 1583th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 52th |
| Employee saving | 83th |
| Peers that auto-enroll | 53% |
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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
- Wholesale Electric Supply Company of Houston put in about $3,038 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 | $1,565,931 |
| Participant (employee) contributions | $3,860,780 |
| Other contributions (incl. rollovers in) | $291,962 |
| Administrative expenses paid from the plan | $137,968 |
| Contract administrator fees | $3,164 |
| Investment advisory & management fees | $63,047 |
| Benefits paid out | $6,715,499 |
| Net assets, start / end of year | $61.1M / $67.1M |
| Active participants, start / end of year | 511 / 520 |
| Participants with account balances | 606 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
Largest service providers (Schedule C)
| John Hancock Retirem,ent Plan Svcs | $71,757 reported compensation |
| LPL Financial, LLC | $63,047 reported compensation |
| Compensation Strategies Group, LTD. | $3,164 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014153341NAL0006605266001, received 2025-10-14, EIN 74-1539498, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.