South Plains Community Action Association, Inc. 401(k) Review & Grade
South Plains Community Action Association, Inc. 401(k) Plan
Levelland, TXHealth Care & Social Assistance634 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,012Employer $ per active participant
$1,153Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$13.2MNet plan assets, end of year
$35,347Average balance per account
Score breakdown
- Employer generosity25.6 / 5051th percentile for employer $ per participant
- Low cost4.7 / 2519th percentile for low admin cost vs. same-size plans
- Employee saving3.9 / 1526th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 500–2,499 active participants (1,427 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 51th |
| Lower admin cost | 19th |
| Employee saving | 26th |
| Peers that auto-enroll | 36% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- South Plains Community Action Association put in about $1,012 per active participant, more than the typical peer ($976). 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 (0.58% 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 | $640,846 |
| Participant (employee) contributions | $730,656 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $76,040 |
| Contract administrator fees | $43,651 |
| Investment advisory & management fees | $32,389 |
| Benefits paid out | $1,931,672 |
| Net assets, start / end of year | $13.1M / $13.2M |
| Active participants, start / end of year | 686 / 581 |
| Participants with account balances | 374 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rbms, LLP |
Largest service providers (Schedule C)
| John Hancock | $43,802 reported compensation |
| Mma Securities | $32,238 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251218132318NAL0002688099001, received 2025-12-18, EIN 75-1230219, plan #002, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.