401(k) · DOL Form 5500 · 2024

Hallmark Financial Services, Inc 401(k) Plan

Data updated 2026-08-11

$30M
Total assets
237
Participants
77th
Percentile by assets
$125,382
Avg per participant
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Official DOL plan name: Hfs 401(k) Savings Plan · Sponsored by Hallmark Financial Services, Inc · Texas · Finance & Insurance

$30M in assets, 237 participants

Hallmark Financial Services, Inc's Hfs 401(k) Savings Plan reported $30M in total assets and 237 participants in its 2024 DOL Form 5500 filing, ranking in the 77th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 77th percentile by assets (of 123,622 plans)
  • #5,518 in Finance & Insurance (8,549 peers)

Coverage in Texas

Hfs 401(k) Savings Plan covers 237 participants in Texas, about 34% of the average Texas filer (state average ~688 per filing). Assets: $30M.

$30M
total plan assets (2024 EOY)
237
covered participants
77th
percentile by assets (of 123,622 plans)
$125,382
avg assets per participant

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Hfs 401(k) Savings Plan reported net income fell from $3M in the plan year 2023 filing to $930K in the plan year 2024 filing.
  • Hfs 401(k) Savings Plan reported participants fell from 418 in the plan year 2023 filing to 237 in the plan year 2024 filing.
  • Hfs 401(k) Savings Plan end-of-year assets rose from $29M in the plan year 2023 filing to $30M in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Participants vs Texas filers

In Texas, the average filing covers about 688 participants across 10,116 plans. Hfs 401(k) Savings Plan reports 237 participants - about 34% of that state average ($30M EOY assets).

Texas filing particulars

Total Assets (Beginning of Year)$29M
Net Assets (End of Year)$30M
Net Income$930K
Employer EIN870447375
Plan Effective Date1994-08-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Hallmark Financial Services, Inc)

$28M$30M$32M$34M$36M 202220232024 $33.9M $29.7M ▼ -12.3%
Total plan assets by year, all Hallmark Financial Services, Inc plans on file
Year Plans Participants Total Assets
2022 1 389 $34M
2023 1 418 $29M
2024 1 237 $30M

Nearby 401(k) Plans in Texas

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Hfs 401(k) Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants

Hfs 401(k) Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000 -1001020304050 Total assets ($B) Participants Hfs 401(k) Savings P…AT&T Retirement Savi…Exxonmobil Savings P…Chevron Employee Sav…Caterpillar 401(k) S…Southwest Airlines C…
Hfs 401(k) Savings Plan vs. nearby 401(k) plans in Texas, assets vs. participants

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Hfs 401(k) Savings Plan by total assets, not by location.

Frequently Asked Questions

How did Hfs 401(k) Savings Plan assets move in 2024?
Hfs 401(k) Savings Plan edged up modestly - up 3.2% during 2024, from $29M to $30M. Reported net income was $930K.
How have Hallmark Financial Services, Inc plan assets changed over time?
Across 3 plan years on file (2022-2024), Hallmark Financial Services, Inc's sponsor-wide assets declined 12.3%, from $34M to $30M.
Where does Hfs 401(k) Savings Plan rank by assets among Form 5500 filers?
Hfs 401(k) Savings Plan ranks in the 77th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).
Which 401(k) plans are similar in size to Hfs 401(k) Savings Plan?
Among 401(k) plans in other states, the closest by assets is Schnabel Foundation Company Profit Sharing Plan in VA ($30M, 93 participants).

Filing takeaways

Ways to act on Hfs 401(k) Savings Plan's numbers.