Parkhill, Smith & Cooper 401(k) Review & Grade
Parkhill, Smith & Cooper, Inc. Employees' Retirement Plan and Trust
Lubbock, TXProfessional, Scientific & Technical Services638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,636Employer $ per active participant
$5,733Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$79.1MNet plan assets, end of year
$103,937Average balance per account
Score breakdown
- Employer generosity41.2 / 5082th percentile for employer $ per participant
- Low cost18.0 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving4.3 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score57 / 100 · Grade C
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 82th |
| Lower admin cost | 72th |
| Employee saving | 29th |
| 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 ($560 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
- Parkhill, Smith & Cooper put in about $6,636 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.
- 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 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 | $4,234,070 |
| Participant (employee) contributions | $3,657,897 |
| Other contributions (incl. rollovers in) | $702,796 |
| Administrative expenses paid from the plan | $78,122 |
| Contract administrator fees | $9,189 |
| Investment advisory & management fees | $68,933 |
| Benefits paid out | $3,837,340 |
| Net assets, start / end of year | $65.0M / $79.1M |
| Active participants, start / end of year | 598 / 678 |
| Participants with account balances | 761 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rbms, LLP |
Largest service providers (Schedule C)
| Prime Capital Investment Advisors | $68,933 reported compensation |
| Stancorp Financial Group | $9,189 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260710012635NAL0000724003001, received 2026-07-10, EIN 75-1156936, plan #001, plan year 2024-10-01 to 2025-09-30. Verify at efast.dol.gov.