First Co. 401(k) Review & Grade
First Co. 401(k) Retirement Plan
Dallas, TXManufacturing501 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,348Employer $ per active participant
$2,472Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$25.8MNet plan assets, end of year
$60,626Average balance per account
Score breakdown
- Employer generosity13.3 / 5027th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving2.5 / 1517th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score20 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 43th |
| Employee saving | 17th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Prohibited transactions: the plan reported non-exempt transactions with a party in interest.
What to do if you're in this plan
- First put in about $1,348 per active participant, below the typical peer ($2,320). 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.
- 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 | $675,366 |
| Participant (employee) contributions | $1,238,305 |
| Other contributions (incl. rollovers in) | $5,188 |
| Administrative expenses paid from the plan | $69,843 |
| Contract administrator fees | $7,380 |
| Investment advisory & management fees | $62,344 |
| Other admin expenses | $119 |
| Benefits paid out | $2,285,358 |
| Net assets, start / end of year | $23.6M / $25.8M |
| Active participants, start / end of year | 497 / 505 |
| Participants with account balances | 426 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pricekubecka, PLLC |
Largest service providers (Schedule C)
| Proaccount | $62,344 reported compensation |
| Nationwide | $31,269 reported compensation |
| Cecilco | $21,601 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014144412NAL0001564227001, received 2025-10-14, EIN 75-1232784, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.