Thomas J. Henry Law Firm 401(k) Review & Grade
Thomas J. Henry Retirement Plan
San Antonio, TXProfessional, Scientific & Technical Services501 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,324Employer $ per active participant
$5,384Employee $ saved per active participant
0.70%Direct admin cost, % of plan assets
$20.4MNet plan assets, end of year
$25,130Average balance per account
Score breakdown
- Employer generosity27.2 / 5054th percentile for employer $ per participant
- Low cost3.2 / 2513th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 13th |
| Employee saving | 26th |
| Peers that auto-enroll | 48% |
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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
- Thomas J. Henry Law Firm put in about $3,324 per active participant, more than the typical peer ($3,082). 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.
- Direct plan expenses (0.70% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,665,494 |
| Participant (employee) contributions | $2,697,173 |
| Other contributions (incl. rollovers in) | $8,073 |
| Administrative expenses paid from the plan | $131,239 |
| Contract administrator fees | $131,239 |
| Benefits paid out | $3,300,115 |
| Net assets, start / end of year | $17.1M / $20.4M |
| Active participants, start / end of year | 546 / 456 |
| Participants with account balances | 812 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | James Miller, P.C. |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $83,505 reported compensation |
| Nova 401k Associates LP | $48,167 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015134602NAL0002389459001, received 2025-10-15, EIN 83-2564943, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.