Apex Fintech Services LLC 401(k) Review & Grade
Apex Fintech Services 401(k) Plan
Dallas, TXFinance & Insurance724 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,007Employer $ per active participant
$12,213Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$79.8MNet plan assets, end of year
$89,453Average balance per account
Score breakdown
- Employer generosity19.6 / 5039th percentile for employer $ per participant
- Low cost24.3 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving12.5 / 1583th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score46 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 39th |
| Lower admin cost | 97th |
| Employee saving | 83th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($5,131 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $10,392 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Apex Fintech Services put in about $3,007 per active participant, below the typical peer ($3,606). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,175,767 |
| Participant (employee) contributions | $8,835,874 |
| Other contributions (incl. rollovers in) | $1,769,309 |
| Administrative expenses paid from the plan | $8,860 |
| Contract administrator fees | $300 |
| Benefits paid out | $7,721,925 |
| Net assets, start / end of year | $64.7M / $79.8M |
| Active participants, start / end of year | 686 / 761 |
| Participants with account balances | 892 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $8,860 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015230737NAL0007627008001, received 2025-10-16, EIN 87-2510069, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.