Haynes and Boone, LLP 401(k) Review & Grade
Haynes and Boone Retirement Savings Plan
Dallas, TXProfessional, Scientific & Technical Services1,083 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$584Employer $ per active participant
$14,409Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$360.5MNet plan assets, end of year
$226,718Average balance per account
Score breakdown
- Employer generosity7.3 / 5015th percentile for employer $ per participant
- Low cost23.5 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 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 | 15th |
| Lower admin cost | 94th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $3,874 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Haynes and Boone, LLP put in about $584 per active participant, below the typical peer ($3,082). 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 | $631,997 |
| Participant (employee) contributions | $15,604,644 |
| Other contributions (incl. rollovers in) | $8,574,169 |
| Administrative expenses paid from the plan | $86,845 |
| Benefits paid out | $25,773,974 |
| Net assets, start / end of year | $313.3M / $360.5M |
| Active participants, start / end of year | 1,069 / 1,097 |
| Participants with account balances | 1,590 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly Us,llp |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $86,844 reported compensation |
| Hourglass Capital LLC | $68,723 reported compensation |
| Creative Planning LLC | $25,664 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251027165608NAL0005986065001, received 2025-10-27, EIN 75-1312888, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.