The Savings Group, Inc. 401(k) Review & Grade
The Savings Group 401(k) Plan
Austin, TXFinance & Insurance572 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,639Employer $ per active participant
$2,270Employee $ saved per active participant
0.86%Direct admin cost, % of plan assets
$12.3MNet plan assets, end of year
$19,535Average balance per account
Score breakdown
- Employer generosity8.2 / 5016th percentile for employer $ per participant
- Low cost2.2 / 259th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score4 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 16th |
| Lower admin cost | 9th |
| Employee saving | 5th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($74,797 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
- Savings Group put in about $1,639 per active participant, below the typical peer ($3,606). 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 (0.86% 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 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 | $938,338 |
| Participant (employee) contributions | $1,299,618 |
| Other contributions (incl. rollovers in) | $9,096 |
| Administrative expenses paid from the plan | $101,665 |
| Contract administrator fees | $11,200 |
| Investment advisory & management fees | $25,186 |
| Benefits paid out | $2,367,015 |
| Net assets, start / end of year | $11.4M / $12.3M |
| Active participants, start / end of year | 643 / 502 |
| Participants with account balances | 631 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Metz CPA, PLLC |
Largest service providers (Schedule C)
| Ascensus | $55,727 reported compensation |
| Waterloo Capital | $42,760 reported compensation |
| Inwest Retirement Solutions | $11,200 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801091139NAL0003125027001, received 2025-08-01, EIN 87-1613364, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.