First Command Financial Planning, Inc. 401(k) Review & Grade
First Command Financial Planning, Inc. 401(k)-Employee Stock Ownership Plan
Fort Worth, TXFinance & Insurance883 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$11,102Employer $ per active participant
$6,621Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$207.5MNet plan assets, end of year
$199,346Average balance per account
Score breakdown
- Employer generosity46.8 / 5094th percentile for employer $ per participant
- Low cost20.7 / 2583th percentile for low admin cost vs. same-size plans
- Employee saving6.7 / 1545th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score81 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 83th |
| Employee saving | 45th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $40,878 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- First Command Financial Planning put in about $11,102 per active participant, more than the typical peer ($3,606). 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.
- 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 | $9,803,112 |
| Participant (employee) contributions | $5,846,415 |
| Other contributions (incl. rollovers in) | $397,872 |
| Administrative expenses paid from the plan | $125,213 |
| Contract administrator fees | $125,213 |
| Benefits paid out | $13,181,896 |
| Net assets, start / end of year | $176.6M / $207.5M |
| Active participants, start / end of year | 893 / 873 |
| Participants with account balances | 1,041 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver & Tidwell, LLP |
| Employer stock held by plan | $154,568,009 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $125,212 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260713143316NAL0000424128001, received 2026-07-13, EIN 75-1054341, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.