Higginbotham Insurance Agency, Inc. 401(k) Review & Grade
Higginbotham Insurance Agency, Inc. Savings and Investment Plan and Trust
Fort Worth, TXFinance & Insurance3,213 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4Employer $ per active participant
$4,656Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$169.2MNet plan assets, end of year
$83,533Average balance per account
Score breakdown
- Employer generosity0.5 / 501th percentile for employer $ per participant
- Low cost13.5 / 2554th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 1th |
| Lower admin cost | 54th |
| Employee saving | 8th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,271 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Higginbotham Insurance Agency put in about $4 per active participant, below the typical peer ($4,489). 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.
- 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 | $12,547 |
| Participant (employee) contributions | $14,958,698 |
| Other contributions (incl. rollovers in) | $23,319,435 |
| Administrative expenses paid from the plan | $160,561 |
| Contract administrator fees | $1,500 |
| Investment advisory & management fees | $28,126 |
| Benefits paid out | $8,717,334 |
| Net assets, start / end of year | $121.4M / $169.2M |
| Active participants, start / end of year | 2,779 / 3,647 |
| Participants with account balances | 2,026 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $132,435 reported compensation |
| Strategic Advisors, Inc. | $28,126 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013162211NAL0003662642001, received 2025-10-13, EIN 75-1732559, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.