H&r Block Management, LLC 401(k) Review & Grade
H & R Block Retirement Savings Plan
Kansas City, MOProfessional, Scientific & Technical Services17,575 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,280Employer $ per active participant
$3,813Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$1.1BNet plan assets, end of year
$49,971Average balance per account
Score breakdown
- Employer generosity12.3 / 5025th percentile for employer $ per participant
- Low cost9.5 / 2538th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score15 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 38th |
| Employee saving | 23th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
Corrective distributions: the plan refunded $4,956 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- H&r Block Management put in about $1,280 per active participant, below the typical peer ($2,932). 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 | $22,502,972 |
| Participant (employee) contributions | $67,006,730 |
| Other contributions (incl. rollovers in) | $4,757,494 |
| Administrative expenses paid from the plan | $1,136,925 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $212,997 |
| Benefits paid out | $108,224,738 |
| Net assets, start / end of year | $935.3M / $1.1B |
| Active participants, start / end of year | 12,962 / 22,188 |
| Participants with account balances | 21,126 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $7,685,367 |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $924,528 reported compensation |
| Strategic Advisors, Inc. | $212,997 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250801092940NAL0006101857001, received 2025-08-01, EIN 43-1632589, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.