American Century Services, LLC 401(k) Review & Grade
American Century Retirement Plan
Kansas City, MOFinance & Insurance1,426 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$15,987Employer $ per active participant
$16,032Employee $ saved per active participant
0.02%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$479,556Average balance per account
Score breakdown
- Employer generosity48.9 / 5098th percentile for employer $ per participant
- Low cost24.1 / 2597th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 97th |
| Employee saving | 92th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $269,150 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- American Century Services put in about $15,987 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 | $22,806,057 |
| Participant (employee) contributions | $22,869,140 |
| Other contributions (incl. rollovers in) | $3,462,537 |
| Administrative expenses paid from the plan | $160,554 |
| Investment advisory & management fees | $152,379 |
| Benefits paid out | $68,993,437 |
| Net assets, start / end of year | $977.0M / $1.1B |
| Active participants, start / end of year | 1,443 / 1,410 |
| Participants with account balances | 2,280 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
| Employer stock held by plan | $54,084,086 |
Largest service providers (Schedule C)
| Creative Planning LLC | $59,693 reported compensation |
| Schwab Retirement Plan Services,inc | $44,561 reported compensation |
| Halyard Financial LLC | $18,446 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251028135252NAL0006233043001, received 2025-10-28, EIN 44-0619208, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.