Forvis Mazars, LLP 401(k) Review & Grade
Forvis Mazars, LLP Employees Savings Plan II
Springfield, MOProfessional, Scientific & Technical Services2,751 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$12,363Employer $ per active participant
$14,703Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$881.2MNet plan assets, end of year
$169,747Average balance per account
Score breakdown
- Employer generosity47.4 / 5095th percentile for employer $ per participant
- Low cost22.9 / 2592th percentile for low admin cost vs. same-size plans
- Employee saving12.2 / 1581th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score80 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 95th |
| Lower admin cost | 92th |
| Employee saving | 81th |
| Peers that auto-enroll | 47% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($561,475 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $59,456 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Forvis Mazars, LLP put in about $12,363 per active participant, more than the typical peer ($2,951). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $34,010,785 |
| Participant (employee) contributions | $40,449,150 |
| Other contributions (incl. rollovers in) | $66,624,353 |
| Administrative expenses paid from the plan | $214,588 |
| Investment advisory & management fees | $153,846 |
| Benefits paid out | $67,807,139 |
| Net assets, start / end of year | $732.3M / $881.2M |
| Active participants, start / end of year | 2,951 / 2,551 |
| Participants with account balances | 5,191 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Dmjps PLLC |
Largest service providers (Schedule C)
| Forvis Mazars Wealth Advisors | $145,517 reported compensation |
| Schwab Retirement Plan Services Inc | $60,692 reported compensation |
| Charles Schwab & Co., Inc. | $23,129 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260313131842NAL0008228483001, received 2026-03-13, EIN 44-0160260, plan #018, plan year 2024-06-01 to 2025-05-31. Verify at efast.dol.gov.