Eldridge Wealth Solutions, Inc. 401(k) Review & Grade
Security Benefit Associates Profit Sharing and Savings Plan
Topeka, KSManagement of Companies1,552 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,979Employer $ per active participant
$10,782Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$389.2MNet plan assets, end of year
$128,493Average balance per account
Score breakdown
- Employer generosity46.5 / 5093th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1585th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 93th |
| Lower admin cost | 98th |
| Employee saving | 85th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Eldridge Wealth Solutions put in about $8,979 per active participant, more than the typical peer ($2,492). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $13,931,152 |
| Participant (employee) contributions | $16,728,387 |
| Other contributions (incl. rollovers in) | $3,559,409 |
| Administrative expenses paid from the plan | $28,332 |
| Contract administrator fees | $28,332 |
| Benefits paid out | $40,196,395 |
| Net assets, start / end of year | $299.2M / $389.2M |
| Active participants, start / end of year | 1,439 / 1,664 |
| Participants with account balances | 3,029 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Security Benefit Life | $28,332 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015110513NAL0005880736001, received 2025-10-15, EIN 48-1202239, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.