Plan Ledger DOL Form 5500 · updated monthly

Cabinetworks Group, Inc.401(k)

CABINETWORKS GROUP 401(K) PLAN · THE COLONY, TX · plan year 2024

Reported admin expense ratio · 2024
0.22%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Cabinetworks Group, Inc. reported $795,803 in plan administrative expenses for 2024: 0.22% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,881 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.33% to 0.22%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other manufacturing employers. By assets it is the 250th-largest of 5,688 plans among Texas employers on file, and the 723rd of 13,661 in manufacturing. In 2024, employees put in $1.82 for every $1.00 the employer contributed; active participation has shrunk from 8,307 to 6,374 since 2022.

Plan summary
Net assets, end of year$367,635,701
Participants with balances7,959
Active participants6,374
Employer contributions$11,987,080
Employee contributions$21,858,020
Employer contribution per active participant$1,881
Average account balance$46,191
Benefits paid to participants$58,699,540
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$367.6M · 7,959 accts · $12.0M emplr
2023$340.9M · 9,523 accts · $11.0M emplr
2022$292.2M · 9,384 accts · $11.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$488,590
Investment management$138,313
Audit (IQPA)$18,900
Total administrative$795,803
The Cabinetworks Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,881
Median for plans this size$4,294
2024$1,881 per active participant
2023$1,189 per active participant
2022$1,362 per active participant

Cabinetworks Group, Inc.'s 2024 employer contribution ran below the $4,294 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$489,460
CREATIVE PLANNING, LLC · Consulting$150,000
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$138,313
ANDERS MINKLER HUBER & HELM LLP · Accounting / audit$18,900

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$795,803 · 0.22%
2023$910,673 · 0.29%
2022$1,053,065 · 0.33%
Same employer
Similar plansManufacturing · Texas
Nch Corporation TX$395.5M · 0.07%
Trinity Industries, Inc. TX$385.5M · 0.13%
Cirrus Logic, Inc. TX$373.4M · 0.01%
Maverick Tube Corporation TX$366.1M · 0.35%
Kraton Corporation TX$362.9M · 0.03%
Gruma Corporation TX$346.0M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 460786059 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.