Fisher Asset Management, LLC DBA Fisher Investments 401(k) Review & Grade
Fisher Investments 401(k) Plan
Plano, TXFinance & Insurance4,514 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,088Employer $ per active participant
$17,131Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$1.2BNet plan assets, end of year
$244,623Average balance per account
Score breakdown
- Employer generosity37.6 / 5075th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.5 / 1596th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 98th |
| Employee saving | 96th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $8,112 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fisher Asset Management, LLC DBA Fisher Investments put in about $7,088 per active participant, more than the typical peer ($4,489). 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.
- 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 | $31,997,827 |
| Participant (employee) contributions | $77,337,307 |
| Other contributions (incl. rollovers in) | $6,004,223 |
| Administrative expenses paid from the plan | $76,134 |
| Investment advisory & management fees | $37,653 |
| Benefits paid out | $40,896,686 |
| Net assets, start / end of year | $954.0M / $1.2B |
| Active participants, start / end of year | 4,143 / 4,886 |
| Participants with account balances | 5,076 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Hood & Strong, LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $76,134 reported compensation |
| Charles Schwab & Co.,inc. | $9,239 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013205502NAL0002742640001, received 2025-10-13, EIN 20-2480800, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.