Cleveland Guardians Baseball Company, LLC 401(k) Review & Grade
The Cleveland Guardians 401(k) Plan
Cleveland, OHArts, Entertainment & Recreation3,037 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$933Employer $ per active participant
$1,330Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$60.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity19.1 / 5038th percentile for employer $ per participant
- Low cost22.5 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving3.5 / 1524th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score52 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 2,500–9,999 active participants (35 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 38th |
| Lower admin cost | 90th |
| Employee saving | 24th |
| Peers that auto-enroll | 43% |
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Red flags from the filing
Corrective distributions: the plan refunded $886 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Cleveland Guardians Baseball Company put in about $933 per active participant, below the typical peer ($1,107). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $2,834,879 |
| Participant (employee) contributions | $4,038,342 |
| Other contributions (incl. rollovers in) | $806,684 |
| Administrative expenses paid from the plan | $16,749 |
| Investment advisory & management fees | $4,986 |
| Benefits paid out | $4,915,655 |
| Net assets, start / end of year | $50.9M / $60.9M |
| Active participants, start / end of year | 2,974 / 3,100 |
| Participants with account balances | 776 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Meaden & Moore LTD |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $16,749 reported compensation |
| Charles Schwab & Co., Inc. | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013094146NAL0000451379001, received 2025-10-13, EIN 34-1547452, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.