Doggett Company, LLC 401(k) Review & Grade
Doggett Company, LLC 401(k) Plan
Houston, TXWholesale Trade1,940 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,123Employer $ per active participant
$3,434Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$65.0MNet plan assets, end of year
$66,268Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost8.4 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving4.5 / 1530th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 34th |
| Employee saving | 30th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($324,259 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $330,236 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Doggett Company put in about $1,123 per active participant, below the typical peer ($1,792). 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 (0.36% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $2,179,415 |
| Participant (employee) contributions | $6,662,373 |
| Other contributions (incl. rollovers in) | $2,666,151 |
| Administrative expenses paid from the plan | $215,612 |
| Other admin expenses | $121,657 |
| Benefits paid out | $6,276,231 |
| Net assets, start / end of year | $53.2M / $65.0M |
| Active participants, start / end of year | 1,754 / 2,126 |
| Participants with account balances | 981 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wrinkle, Gardner & Company |
Largest service providers (Schedule C)
| Alliant Retirement Consulting | $101,988 reported compensation |
| Fidelity Investments Institutional | $57,232 reported compensation |
| Wrinkle Gardner and Co | $16,500 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014102227NAL0003615664001, received 2025-10-14, EIN 83-0501816, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.