Full Sail, LLC 401(k) Review & Grade
Full Sail 401(k) Savings Plan
Winter Park, FLEducational Services2,358 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$525Employer $ per active participant
$4,321Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$149.0MNet plan assets, end of year
$57,121Average balance per account
Score breakdown
- Employer generosity9.8 / 5020th percentile for employer $ per participant
- Low cost10.7 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving10.9 / 1573th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Educational Services plans with 500–2,499 active participants (144 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 43th |
| Employee saving | 73th |
| Peers that auto-enroll | 37% |
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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
- Full Sail put in about $525 per active participant, below the typical peer ($1,225). 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 | $1,238,812 |
| Participant (employee) contributions | $10,187,056 |
| Other contributions (incl. rollovers in) | $495,036 |
| Administrative expenses paid from the plan | $386,490 |
| Investment advisory & management fees | $110,853 |
| Other admin expenses | $110,471 |
| Benefits paid out | $5,804,915 |
| Net assets, start / end of year | $125.3M / $149.0M |
| Active participants, start / end of year | 2,285 / 2,430 |
| Participants with account balances | 2,608 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cla |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $165,166 reported compensation |
| Advus Financial Partners LLC | $110,853 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916154343NAL0001389491001, received 2025-09-16, EIN 59-2111456, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.