Freeman Investment Company, L.P. 401(k) Review & Grade
Freeman Investment Company, L.P. 401(k) Plan
Grapevine, TXRetail Trade632 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$321Employer $ per active participant
$3,131Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$23.4MNet plan assets, end of year
$62,427Average balance per account
Score breakdown
- Employer generosity12.4 / 5025th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 90th |
| Employee saving | 53th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $212,171 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Freeman Investment Company, L.P. put in about $321 per active participant, below the typical peer ($743). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $202,857 |
| Participant (employee) contributions | $1,980,059 |
| Other contributions (incl. rollovers in) | $194,384 |
| Administrative expenses paid from the plan | $10,302 |
| Benefits paid out | $6,255,193 |
| Net assets, start / end of year | $24.7M / $23.4M |
| Active participants, start / end of year | 728 / 537 |
| Participants with account balances | 375 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $10,343 reported compensation |
| Mesirow Financial Investment Manage | $0 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929051134NAL0004877059001, received 2025-09-29, EIN 75-0770315, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.