Skyward Service Group 401(k) Review & Grade
Skyward Speciality Insurance Group 401(k) Plan
Houston, TXFinance & Insurance550 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,426Employer $ per active participant
$10,075Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$54.9MNet plan assets, end of year
$78,937Average balance per account
Score breakdown
- Employer generosity39.6 / 5079th percentile for employer $ per participant
- Low cost10.4 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving11.4 / 1576th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 79th |
| Lower admin cost | 42th |
| Employee saving | 76th |
| Peers that auto-enroll | 62% |
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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
- Skyward Service Group put in about $6,426 per active participant, more than the typical peer ($3,606). 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 | $3,531,309 |
| Participant (employee) contributions | $5,536,111 |
| Other contributions (incl. rollovers in) | $1,611,790 |
| Administrative expenses paid from the plan | $145,180 |
| Other admin expenses | $145,180 |
| Benefits paid out | $7,183,350 |
| Net assets, start / end of year | $45.6M / $54.9M |
| Active participants, start / end of year | 515 / 584 |
| Participants with account balances | 696 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clark Schaefer Hackett & Co. |
Largest service providers (Schedule C)
| Merrill Lynch, Pierce, Fenner and S | $154,450 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010134730NAL0004304419001, received 2025-10-10, EIN 45-5463484, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.