Signature Performance Inc 401(k) Review & Grade
Signature Performance, Inc. 401(k) Profit Sharing Plan
Omaha, NEFinance & Insurance1,036 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,270Employer $ per active participant
$3,472Employee $ saved per active participant
0.85%Direct admin cost, % of plan assets
$26.9MNet plan assets, end of year
$25,295Average balance per account
Score breakdown
- Employer generosity12.5 / 5025th percentile for employer $ per participant
- Low cost2.3 / 259th percentile for low admin cost vs. same-size plans
- Employee saving1.3 / 159th percentile for employee $ per participant
- Plan features7 / 10Auto-enrollment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 25th |
| Lower admin cost | 9th |
| Employee saving | 9th |
| Peers that auto-enroll | 62% |
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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 ($9,840 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
- Signature Performance put in about $2,270 per active participant, below the typical peer ($3,606). 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 (0.85% 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,351,886 |
| Participant (employee) contributions | $3,597,159 |
| Other contributions (incl. rollovers in) | $571,617 |
| Administrative expenses paid from the plan | $190,989 |
| Contract administrator fees | $190,989 |
| Benefits paid out | $1,583,965 |
| Net assets, start / end of year | $18.2M / $26.9M |
| Active participants, start / end of year | 1,068 / 1,004 |
| Participants with account balances | 1,065 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bergankdv LLC |
Largest service providers (Schedule C)
| Transamerica Retirement Solutions | $137,415 reported compensation |
| RBC Capital Markets LLC | $44,456 reported compensation |
| Pension Administrators LLC | $26,905 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015104053NAL0002260419001, received 2025-10-15, EIN 26-0590841, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.