Situsamc Holdings Corp. 401(k) Review & Grade
Situsamc 401(k) Plan
Houston, TXFinance & Insurance2,073 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,611Employer $ per active participant
$9,237Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$208.9MNet plan assets, end of year
$74,591Average balance per account
Score breakdown
- Employer generosity25.1 / 5050th percentile for employer $ per participant
- Low cost14.9 / 2560th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 60th |
| Employee saving | 70th |
| Peers that auto-enroll | 62% |
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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
- Situsamc Holdings put in about $3,611 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 | $7,485,543 |
| Participant (employee) contributions | $19,148,758 |
| Other contributions (incl. rollovers in) | $4,943,951 |
| Administrative expenses paid from the plan | $319,912 |
| Other admin expenses | $70,392 |
| Benefits paid out | $18,303,664 |
| Net assets, start / end of year | $170.4M / $208.9M |
| Active participants, start / end of year | 2,194 / 1,952 |
| Participants with account balances | 2,801 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Mcconnell & Jones LLP |
Largest service providers (Schedule C)
| T Rowe Price RPS Inc | $225,240 reported compensation |
| MBG Retirement | $70,000 reported compensation |
| Mcconnell and Jones | $24,280 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731163341NAL0005540609001, received 2025-07-31, EIN 84-2147948, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.