Stallings & Herm, PC 401(k) Review & Grade
Stallings & Herm, PC 401(k) Plan
Midland, TXOther Services2,442 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500-SF filing · How we grade
$24Employer $ per active participant
$21Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$368,713Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.9 / 508th percentile for employer $ per participant
- Low cost20.3 / 2581th percentile for low admin cost vs. same-size plans
- Employee saving0.1 / 151th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 8th |
| Lower admin cost | 81th |
| Employee saving | 1th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No fidelity bond: the plan reported it was not covered by a fidelity bond, which protects participants against theft.
What to do if you're in this plan
- Stallings & Herm put in about $24 per active participant, below the typical peer ($1,257). 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 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 | $57,812 |
| Participant (employee) contributions | $51,958 |
| Other contributions (incl. rollovers in) | $3,333 |
| Administrative expenses paid from the plan | $216 |
| Benefits paid out | $0 |
| Net assets, start / end of year | $230,826 / $368,713 |
| Active participants, start / end of year | 4,882 / 3 |
| Participants with account balances | 3 |
| Auto-enrollment (feature code 2S) | Yes |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20251010112919NAL0012453024001, received 2025-10-10, EIN 75-2073487, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.