Digital Insurance, LLC 401(k) Review & Grade
Digital Insurance, LLC 401(k) Plan · d/b/a Digital Insurance, LLC
Atlanta, GAFinance & Insurance4,181 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,020Employer $ per active participant
$9,082Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$401.8MNet plan assets, end of year
$90,282Average balance per account
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost18.6 / 2574th percentile for low admin cost vs. same-size plans
- Employee saving8.3 / 1555th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 74th |
| Employee saving | 55th |
| Peers that auto-enroll | 66% |
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
Corrective distributions: the plan refunded $21,418 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Digital Insurance put in about $3,020 per active participant, below the typical peer ($4,489). 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.
- 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 | $12,626,680 |
| Participant (employee) contributions | $37,971,676 |
| Other contributions (incl. rollovers in) | $22,897,804 |
| Administrative expenses paid from the plan | $204,259 |
| Contract administrator fees | $1,800 |
| Benefits paid out | $25,583,813 |
| Net assets, start / end of year | $306.6M / $401.8M |
| Active participants, start / end of year | 3,920 / 4,442 |
| Participants with account balances | 4,450 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bennett Thrasher |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $204,259 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015152807NAL0006609344001, received 2025-10-15, EIN 58-2522668, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.