Allegiance Benefit Plan Management, Inc. 401(k) Review & Grade
Allegiance Benefit Plan Management, Inc. 401(k) Plan
Missoula, MTFinance & Insurance664 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,979Employer $ per active participant
$3,699Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$55.3MNet plan assets, end of year
$72,725Average balance per account
Score breakdown
- Employer generosity27.8 / 5056th percentile for employer $ per participant
- Low cost7.6 / 2530th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score44 / 100 · Grade D
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 56th |
| Lower admin cost | 30th |
| Employee saving | 10th |
| Peers that auto-enroll | 62% |
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
Corrective distributions: the plan refunded $2,272 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Allegiance Benefit Plan Management put in about $3,979 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.
- Direct plan expenses (0.40% 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 | $2,644,129 |
| Participant (employee) contributions | $2,457,759 |
| Other contributions (incl. rollovers in) | $594,068 |
| Administrative expenses paid from the plan | $209,397 |
| Investment advisory & management fees | $96,109 |
| Benefits paid out | $6,787,876 |
| Net assets, start / end of year | $49.5M / $55.3M |
| Active participants, start / end of year | 652 / 677 |
| Participants with account balances | 761 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Wipfli LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $113,288 reported compensation |
| Stockman Wealth Management DBA Inve | $75,203 reported compensation |
| Empower Advisory Group, LLC | $20,906 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014145326NAL0001573123001, received 2025-10-14, EIN 81-0400550, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.