Prosegur Sis USA, Inc. 401(k) Review & Grade
Prosegur Sis USA, Inc. 401(k) Plan
Deerfield Beach, FLAdministrative, Support & Staffing Services4,570 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$342Employer $ per active participant
$629Employee $ saved per active participant
1.28%Direct admin cost, % of plan assets
$20.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity25.0 / 5050th percentile for employer $ per participant
- Low cost0.7 / 253th percentile for low admin cost vs. same-size plans
- Employee saving5.1 / 1534th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-5 pts1 issue reported on the filing
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 50th |
| Lower admin cost | 3th |
| Employee saving | 34th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Auditor disclaimer: the auditor issued a disclaimer of opinion.
What to do if you're in this plan
- Prosegur Sis USA put in about $342 per active participant, more than the typical peer ($342). 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.
- Direct plan expenses (1.28% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,561,618 |
| Participant (employee) contributions | $2,874,814 |
| Other contributions (incl. rollovers in) | $407,161 |
| Administrative expenses paid from the plan | $240,143 |
| Contract administrator fees | $34,523 |
| Investment advisory & management fees | $28,445 |
| Benefits paid out | $3,226,682 |
| Net assets, start / end of year | $16.9M / $20.5M |
| Active participants, start / end of year | 4,385 / 4,754 |
| Participants with account balances | 1,341 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Melton & Melton, L.L.P. |
Largest service providers (Schedule C)
| Empower Annuity Ins Co of America | $177,175 reported compensation |
| Benchmark Retirement Plan Services | $60,606 reported compensation |
| Global Retirement Partners LLC | $44,555 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014151143NAL0001563603001, received 2025-10-14, EIN 14-1626307, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.