Whitley Penn, LLP 401(k) Review & Grade
Whitley Penn 401(k) Profit Sharing Plan
Fort Worth, TXProfessional, Scientific & Technical Services750 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,955Employer $ per active participant
$9,038Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$134.8MNet plan assets, end of year
$140,173Average balance per account
Score breakdown
- Employer generosity36.4 / 5073th percentile for employer $ per participant
- Low cost23.4 / 2594th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 73th |
| Lower admin cost | 94th |
| Employee saving | 50th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $1,877 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Whitley Penn, LLP put in about $4,955 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.
- 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 | $3,713,899 |
| Participant (employee) contributions | $6,773,713 |
| Other contributions (incl. rollovers in) | $1,654,521 |
| Administrative expenses paid from the plan | $33,242 |
| Investment advisory & management fees | $33,242 |
| Benefits paid out | $6,725,482 |
| Net assets, start / end of year | $113.2M / $134.8M |
| Active participants, start / end of year | 760 / 739 |
| Participants with account balances | 962 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Dugan & Lopatka, Cpa's |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $33,242 reported compensation |
| Fidelity Investments Institutional | −$83,248 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010125848NAL0004629507001, received 2025-10-10, EIN 75-2393478, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.