Encoura, LLC 401(k) Review & Grade
Encoura Profit Sharing/401(k) Plan
Austin, TXInformation600 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$5,975Employer $ per active participant
$8,531Employee $ saved per active participant
0.23%Direct admin cost, % of plan assets
$34.4MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity44.3 / 5089th percentile for employer $ per participant
- Low cost12.6 / 2550th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 50th |
| Employee saving | 49th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,960 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Encoura put in about $5,975 per active participant, more than the typical peer ($2,829). 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 | $3,587,829 |
| Participant (employee) contributions | $5,122,575 |
| Other contributions (incl. rollovers in) | $8,934,498 |
| Administrative expenses paid from the plan | $86,195 |
| Contract administrator fees | $74,197 |
| Investment advisory & management fees | $11,998 |
| Benefits paid out | $4,883,271 |
| Net assets, start / end of year | $41.8M / $34.4M |
| Active participants, start / end of year | 980 / 221 |
| Participants with account balances | 278 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $74,197 reported compensation |
| Capfinancial Partners, LLC | $12,012 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260414142524NAL0023889490001, received 2026-04-14, EIN 26-2320841, plan #001, plan year 2024-07-01 to 2025-06-30. Verify at efast.dol.gov.