Americo Services, Inc. 401(k) Review & Grade
The 401(k) Plan - Americo, CRL & Ipfs
Kansas City, MOFinance & Insurance1,766 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,758Employer $ per active participant
$8,327Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$262.4MNet plan assets, end of year
$119,263Average balance per account
Score breakdown
- Employer generosity26.2 / 5052th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving9.7 / 1565th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 77th |
| Employee saving | 65th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,779 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Americo Services put in about $3,758 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 | $6,637,804 |
| Participant (employee) contributions | $14,709,399 |
| Other contributions (incl. rollovers in) | $1,934,330 |
| Administrative expenses paid from the plan | $222,458 |
| Investment advisory & management fees | $72,988 |
| Other admin expenses | $59,990 |
| Benefits paid out | $27,525,010 |
| Net assets, start / end of year | $236.4M / $262.4M |
| Active participants, start / end of year | 1,779 / 1,754 |
| Participants with account balances | 2,200 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $88,445 reported compensation |
| Creative Planning LLC | $72,988 reported compensation |
| Empower Financial Services, Inc. | $1,035 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013141136NAL0003145474001, received 2025-10-13, EIN 43-1755148, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.