Legacy Funeral Group, L.L.C. 401(k) Review & Grade
Legacy Funeral Group Employees Retirement Savings Plan
Houston, TXOther Services874 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$495Employer $ per active participant
$1,694Employee $ saved per active participant
0.82%Direct admin cost, % of plan assets
$12.7MNet plan assets, end of year
$29,122Average balance per account
Score breakdown
- Employer generosity14.3 / 5029th percentile for employer $ per participant
- Low cost2.4 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score22 / 100 · Grade F
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 10th |
| Employee saving | 37th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $25,871 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Legacy Funeral Group put in about $495 per active participant, below the typical peer ($1,257). 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.
- Direct plan expenses (0.82% of assets) are well above similar-size plans (0.23%). 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.
- 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 | $432,009 |
| Participant (employee) contributions | $1,479,613 |
| Other contributions (incl. rollovers in) | $465,447 |
| Administrative expenses paid from the plan | $95,305 |
| Investment advisory & management fees | $46,993 |
| Benefits paid out | $1,189,241 |
| Net assets, start / end of year | $10.5M / $12.7M |
| Active participants, start / end of year | 855 / 892 |
| Participants with account balances | 437 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Harper & Pearson Company P.C. |
Largest service providers (Schedule C)
| Regions Bank DBA Regions Trust | $91,899 reported compensation |
| Adp, Inc. | $48,311 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015053320NAL0008295250001, received 2025-10-15, EIN 82-0562929, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.