Park Lawn Memorial Group, LLC 401(k) Review & Grade
Park Lawn 401(k) Plan
Houston, TXOther Services1,641 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,140Employer $ per active participant
$3,013Employee $ saved per active participant
0.35%Direct admin cost, % of plan assets
$49.1MNet plan assets, end of year
$26,671Average balance per account
Score breakdown
- Employer generosity23.2 / 5046th percentile for employer $ per participant
- Low cost8.8 / 2535th percentile for low admin cost vs. same-size plans
- Employee saving8.7 / 1558th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 35th |
| Employee saving | 58th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Park Lawn Memorial Group put in about $1,140 per active participant, below the typical peer ($1,257). 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.
- Direct plan expenses (0.35% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,871,260 |
| Participant (employee) contributions | $4,943,595 |
| Other contributions (incl. rollovers in) | $1,093,889 |
| Administrative expenses paid from the plan | $165,574 |
| Contract administrator fees | $160,440 |
| Investment advisory & management fees | $5,134 |
| Benefits paid out | $9,614,737 |
| Net assets, start / end of year | $45.6M / $49.1M |
| Active participants, start / end of year | 1,652 / 1,630 |
| Participants with account balances | 1,840 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Doeren Mayhew Assurance |
Largest service providers (Schedule C)
| John Hancock | $165,574 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251003134842NAL0000887123001, received 2025-10-03, EIN 38-3927690, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.