Anchor Partners, LLC 401(k) Review & Grade
Anchor Partners 401(k) Profit Sharing Plan
Southlake, TXManufacturing1,007 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$757Employer $ per active participant
$1,354Employee $ saved per active participant
0.56%Direct admin cost, % of plan assets
$22.8MNet plan assets, end of year
$39,062Average balance per account
Score breakdown
- Employer generosity5.8 / 5012th percentile for employer $ per participant
- Low cost4.9 / 2520th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 20th |
| Employee saving | 6th |
| Peers that auto-enroll | 59% |
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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
- Anchor Partners put in about $757 per active participant, below the typical peer ($2,320). 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.
- Direct plan expenses (0.56% 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.
- 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 | $762,372 |
| Participant (employee) contributions | $1,363,308 |
| Other contributions (incl. rollovers in) | $231,116 |
| Administrative expenses paid from the plan | $110,383 |
| Contract administrator fees | $40,272 |
| Investment advisory & management fees | $40,598 |
| Benefits paid out | $2,575,222 |
| Net assets, start / end of year | $16.5M / $22.8M |
| Active participants, start / end of year | 1,065 / 949 |
| Participants with account balances | 583 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | PSK LLP |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $43,205 reported compensation |
| Everhart Financial Group Inc | $40,598 reported compensation |
| Definiti LLC | $40,272 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013123402NAL0001222129001, received 2025-10-13, EIN 30-1117599, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.