Moregroup Holdings 401(k) Review & Grade
Moregroup Holdings 401(k) Plan
Fort Worth, TXProfessional, Scientific & Technical Services626 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,230Employer $ per active participant
$7,061Employee $ saved per active participant
0.36%Direct admin cost, % of plan assets
$62.5MNet plan assets, end of year
$92,016Average balance per account
Score breakdown
- Employer generosity26.4 / 5053th percentile for employer $ per participant
- Low cost8.5 / 2534th percentile for low admin cost vs. same-size plans
- Employee saving5.3 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 53th |
| Lower admin cost | 34th |
| Employee saving | 35th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($209,973 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Moregroup Holdings put in about $3,230 per active participant, more than the typical peer ($3,082). 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.
- Direct plan expenses (0.36% 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.
- 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 | $2,023,826 |
| Participant (employee) contributions | $4,423,551 |
| Other contributions (incl. rollovers in) | $579,607 |
| Administrative expenses paid from the plan | $171,200 |
| Investment advisory & management fees | $146,845 |
| Benefits paid out | $11,093,078 |
| Net assets, start / end of year | $32.3M / $62.5M |
| Active participants, start / end of year | 599 / 654 |
| Participants with account balances | 679 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Baker Tilly |
Largest service providers (Schedule C)
| Commerce Street Investment Advisor | $120,417 reported compensation |
| Empower Advisory Group, LLC | $26,428 reported compensation |
| Empower Annuity Insurance Company O | $24,355 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013211210NAL0000947139001, received 2025-10-13, EIN 75-2406640, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.