Dwyer Franchising LLC 401(k) Review & Grade
Neighborly 401(k) Profit Sharing Plan
Waco, TXReal Estate & Rental1,556 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,831Employer $ per active participant
$5,651Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$71.8MNet plan assets, end of year
$39,356Average balance per account
Score breakdown
- Employer generosity32.9 / 5066th percentile for employer $ per participant
- Low cost11.5 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score66 / 100 · Grade B
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 66th |
| Lower admin cost | 46th |
| Employee saving | 74th |
| Peers that auto-enroll | 47% |
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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
- Dwyer Franchising put in about $1,831 per active participant, more than the typical peer ($1,279). 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 | $2,848,669 |
| Participant (employee) contributions | $8,790,341 |
| Other contributions (incl. rollovers in) | $856,124 |
| Administrative expenses paid from the plan | $168,860 |
| Investment advisory & management fees | $95,585 |
| Benefits paid out | $7,872,679 |
| Net assets, start / end of year | $58.0M / $71.8M |
| Active participants, start / end of year | 1,529 / 1,582 |
| Participants with account balances | 1,825 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pattillo Brown & Hill |
Largest service providers (Schedule C)
| Disciplined Investors LLC | $95,585 reported compensation |
| Empower Annuity Insurance Company | $73,275 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007103757NAL0007723744001, received 2025-10-07, EIN 73-0941783, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.