Plan Ledger DOL Form 5500 · updated monthly

Hallmark Financial Services, Inc401(k)

HFS 401(K) SAVINGS PLAN · DALLAS, TX · plan year 2022

Reported admin expense ratio · 2022
0.24%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Hallmark Financial Services, Inc reported $89,657 in plan administrative expenses for 2022: 0.24% of average plan assets, below the peer median. Employer contributions averaged $394 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.242%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,806 comparable plans and shown alongside other finance & insurance employers. By assets it is the 1,406th-largest of 5,688 plans among Texas employers on file, and the 2,231st of 4,798 in finance & insurance. In 2022, employees put in $18.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$33,885,141
Participants with balances602
Active participants418
Employer contributions$164,795
Employee contributions$3,113,093
Employer contribution per active participant$394
Average account balance$56,288
Benefits paid to participants$3,024,820
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$29.7M · 443 accts · $157K emplr
2023$28.8M · 435 accts
2022$33.9M · 602 accts · $165K emplr
The Hallmark Financial Services, Inc 401(k) match · 2022
Employer contribution per active participant$394
Median for plans this size$2,266
2024$586 per active participant
2022$394 per active participant

Hallmark Financial Services, Inc's 2022 employer contribution ran below the $2,266 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Recordkeeper by year2
2024Vanguard
2023Vanguard

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Administrative cost history3
2024$70,745 · 0.24%
2023$75,015 · 0.24%
2022$89,657 · 0.24%
Same employer
Similar plansFinance & Insurance · Texas
Gainsco, Inc. TX$33.3M · 0.07%
Carlson Capital, L.P. TX$33.1M · 0.07%
Green Brick Partners, Inc. TX$32.9M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870447375 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.