Head Start of Greater Dallas, 401(k) Review & Grade
403(b) Thrift Plan for Employees of Head Start of Greater Dallas, Inc.
Dallas, TXHealth Care & Social Assistance681 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$362Employer $ per active participant
$1,082Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$13.8MNet plan assets, end of year
$18,364Average balance per account
Score breakdown
- Employer generosity14.1 / 5028th percentile for employer $ per participant
- Low cost20.6 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 28th |
| Lower admin cost | 82th |
| Employee saving | 23th |
| Peers that auto-enroll | 36% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($126,474 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Head Start of Greater Dallas, put in about $362 per active participant, below the typical peer ($976). 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.
- 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 | $246,238 |
| Participant (employee) contributions | $736,599 |
| Other contributions (incl. rollovers in) | $19,778 |
| Administrative expenses paid from the plan | $8,736 |
| Other admin expenses | $8,736 |
| Benefits paid out | $1,018,126 |
| Net assets, start / end of year | $12.4M / $13.8M |
| Active participants, start / end of year | 671 / 691 |
| Participants with account balances | 749 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Weaver and Tidwell, L.L.P. |
Largest service providers (Schedule C)
| Mutual of America Investment Corp | $8,736 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003100316NAL0000775459001, received 2025-10-03, EIN 75-2247281, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.