Asure Operations LLC 401(k) Review & Grade
Asure Operations LLC 401(k) Retirement Plan
Austin, TXInformation594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,328Employer $ per active participant
$7,141Employee $ saved per active participant
0.40%Direct admin cost, % of plan assets
$42.0MNet plan assets, end of year
$45,130Average balance per account
Score breakdown
- Employer generosity29.8 / 5060th percentile for employer $ per participant
- Low cost7.7 / 2531th percentile for low admin cost vs. same-size plans
- Employee saving5.9 / 1539th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 31th |
| Employee saving | 39th |
| Peers that auto-enroll | 59% |
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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
- Asure Operations put in about $3,328 per active participant, more than the typical peer ($2,829). 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 | $1,978,526 |
| Participant (employee) contributions | $4,245,096 |
| Other contributions (incl. rollovers in) | $3,107,891 |
| Administrative expenses paid from the plan | $149,260 |
| Investment advisory & management fees | $56,059 |
| Benefits paid out | $4,973,871 |
| Net assets, start / end of year | $33.3M / $42.0M |
| Active participants, start / end of year | 560 / 629 |
| Participants with account balances | 930 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Harper and Pearson Company, P.C. |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $93,201 reported compensation |
| Gallagher Fiduciary Advisors LLC | $41,903 reported compensation |
| Strategic Advisors, Inc. | $14,156 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007153924NAL0004791985001, received 2025-10-07, EIN 88-1525884, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.