Corgan Associates, Inc. 401(k) Review & Grade
Corgan Associates, Inc. 401(k) Plan
Dallas, TXProfessional, Scientific & Technical Services974 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,533Employer $ per active participant
$7,696Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$122.8MNet plan assets, end of year
$91,461Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost15.0 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 60th |
| Employee saving | 39th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Corgan Associates put in about $3,533 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.
- 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.
- 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 | $3,439,671 |
| Participant (employee) contributions | $7,492,243 |
| Other contributions (incl. rollovers in) | $1,420,882 |
| Administrative expenses paid from the plan | $186,748 |
| Contract administrator fees | $2,400 |
| Investment advisory & management fees | $100,843 |
| Benefits paid out | $5,571,960 |
| Net assets, start / end of year | $101.4M / $122.8M |
| Active participants, start / end of year | 901 / 1,046 |
| Participants with account balances | 1,343 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Weaver and Tidwell, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $85,905 reported compensation |
| Creative Planning LLC | $73,529 reported compensation |
| Strategic Advisors, Inc. | $27,314 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010132519NAL0004284291001, received 2025-10-10, EIN 75-1079692, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.