Argo Group US, Inc. 401(k) Review & Grade
Argo Group US 401(k) Plan
San Antonio, TXFinance & Insurance1,218 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,705Employer $ per active participant
$7,283Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$192.6MNet plan assets, end of year
$136,280Average balance per account
Score breakdown
- Employer generosity26.0 / 5052th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1552th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 52th |
| Lower admin cost | 71th |
| Employee saving | 52th |
| 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
- Argo Group US put in about $3,705 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 | $4,511,317 |
| Participant (employee) contributions | $8,866,976 |
| Other contributions (incl. rollovers in) | $2,938,906 |
| Administrative expenses paid from the plan | $214,805 |
| Investment advisory & management fees | $140,987 |
| Other admin expenses | $900 |
| Benefits paid out | $31,840,806 |
| Net assets, start / end of year | $184.5M / $192.6M |
| Active participants, start / end of year | 848 / 1,587 |
| Participants with account balances | 1,413 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $91,260 reported compensation |
| Empower Advisory Group, LLC | $85,792 reported compensation |
| Wells Fargo Advisors LLC | $55,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250908094434NAL0012207267001, received 2025-09-08, EIN 06-1183996, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.