How it works
Public data, honest review, 15-minute advisor call.
We built this because most 401(k) plan sponsors don't know what a "healthy" plan looks like — and every plan's health data is already public, just buried in filings nobody reads.
You submit your company name or EIN
Our Plan Lookup tool searches a locally-cached index of Texas-sponsored 401(k) and defined-contribution plans, sourced directly from the DOL's public Form 5500 dataset. No email required, no account needed, nothing you submit is sold.
We scan your plan for common red flags
Our build step pre-computes the following signals from your plan's most recent Form 5500 (or 5500-SF) filing:
- Fee ratio — total administrative + investment fees as a percentage of plan assets. We flag plans above ~0.75%.
- Late filing — Form 5500 was filed after the extended deadline (~9.5 months after plan year-end).
- Missing audit — for plans with 100+ eligible participants, whether the required IQPA opinion appears to be attached.
- Low participation — below ~50% of eligible employees have an account balance.
- Employer stock concentration — more than ~20% of plan assets in the sponsoring employer's stock.
- No employer contributions — $0 in employer contribution income for plans with 20+ participants.
These are signals, not verdicts. A flag doesn't mean a plan is bad — it means a question is worth asking.
If something's worth discussing, we connect you with a licensed advisor
For qualifying plans, we refer you — at no cost — to an unaffiliated, licensed Texas-based 401(k) advisor. They'll spend 15 minutes on Zoom walking you through what we found, what other plans your size typically do, and what (if anything) you should consider changing.
There's no obligation to hire them. Most of the calls end with "thanks, that was helpful" and no further action. Some end with a formal fee-benchmarking engagement. Some end with the sponsor going back to their existing advisor armed with better questions. All of that is fine.
What does it cost?
The advisors we refer to are compensated by the clients who eventually hire them — not by us, and not by you. If you hire an advisor after the intro call, their fees are disclosed in writing before any engagement begins.
A note on what we're not
Plan Health Check is not a Registered Investment Advisor. We publish educational plan reviews based on publicly available DOL Form 5500 filings, and we refer qualifying businesses to unaffiliated licensed advisors. We do not manage assets, give investment advice, or act as a fiduciary to any plan.