Plan Ledger DOL Form 5500 · updated monthly

Skyward Service Group401(k)

SKYWARD SPECIALITY INSURANCE GROUP 401(K) PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Skyward Service Group reported $145,180 in plan administrative expenses for 2024: 0.29% of average plan assets, higher than ~75% of peers. Employer contributions averaged $6,047 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 2 years on file its reported administrative ratio rose from 0.01% to 0.29%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other finance & insurance employers. By assets it is the 990th-largest of 5,688 plans among Texas employers on file, and the 1,558th of 4,798 in finance & insurance. In 2024, employees put in $1.57 for every $1.00 the employer contributed; active participation has grown from 448 to 584 since 2022.

Plan summary
Net assets, end of year$54,940,468
Participants with balances696
Active participants584
Employer contributions$3,531,309
Employee contributions$5,536,111
Employer contribution per active participant$6,047
Average account balance$78,937
Benefits paid to participants$7,183,350
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$54.9M · 696 accts · $3.5M emplr
2023$45.6M · 623 accts · $2.9M emplr
2022$33.9M · 564 accts · $2.4M emplr
The Skyward Service Group 401(k) match · 2024
Employer contribution per active participant$6,047
Median for plans this size$3,635
2024$6,047 per active participant
2023$5,574 per active participant
2022$5,443 per active participant

Skyward Service Group's 2024 employer contribution ran above the $3,635 median for plans its size. 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20241
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$154,450

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$145,180 · 0.29%
2023$89,704 · 0.23%
2022$4,704 · 0.01%
Similar plansFinance & Insurance · Texas
Beal Service Corporation TX$58.7M · 0.01%
Petrus Trust Company, Lta TX$55.0M · 0.00%
Ezcorp, Inc. TX$52.4M · 0.60%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 455463484 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.