Firstcash Holdings, Inc. 401(k) Review & Grade
Firstcash 401(k) Profit Sharing Plan
Fort Worth, TXRetail Trade6,822 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$897Employer $ per active participant
$2,388Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$212.2MNet plan assets, end of year
$30,461Average balance per account
Score breakdown
- Employer generosity30.2 / 5060th percentile for employer $ per participant
- Low cost6.4 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 2,500–9,999 active participants (183 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 26th |
| Employee saving | 59th |
| Peers that auto-enroll | 42% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,980 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Firstcash Holdings put in about $897 per active participant, more than the typical peer ($650). 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 (0.27% of assets) are well above similar-size plans (0.12%). 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 | $6,119,518 |
| Participant (employee) contributions | $16,287,851 |
| Other contributions (incl. rollovers in) | $1,550,468 |
| Administrative expenses paid from the plan | $542,282 |
| Investment advisory & management fees | $132,711 |
| Other admin expenses | $855 |
| Benefits paid out | $22,162,170 |
| Net assets, start / end of year | $190.5M / $212.2M |
| Active participants, start / end of year | 5,827 / 7,817 |
| Participants with account balances | 6,965 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
| Employer stock held by plan | $20,187,108 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $408,716 reported compensation |
| LPL Financial LLC | $132,711 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250702124352NAL0007630963001, received 2025-07-02, EIN 87-3920732, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.