S&k Technologies, Inc. 401(k) Review & Grade
S&k Technologies, Inc. 401(k) Profit Sharing Plan and Trust
ST. Ignatius, MTManagement of Companies678 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,399Employer $ per active participant
$6,697Employee $ saved per active participant
0.60%Direct admin cost, % of plan assets
$58.8MNet plan assets, end of year
$86,034Average balance per account
Score breakdown
- Employer generosity30.1 / 5060th percentile for employer $ per participant
- Low cost4.4 / 2518th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score43 / 100 · Grade D
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 18th |
| Employee saving | 60th |
| Peers that auto-enroll | 58% |
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Red flags from the filing
Corrective distributions: the plan refunded $166,976 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- S&k Technologies put in about $3,399 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.
- Direct plan expenses (0.60% of assets) are well above similar-size plans (0.23%). 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 | $2,304,776 |
| Participant (employee) contributions | $4,540,699 |
| Other contributions (incl. rollovers in) | $1,100,679 |
| Administrative expenses paid from the plan | $325,267 |
| Benefits paid out | $5,618,500 |
| Net assets, start / end of year | $49.8M / $58.8M |
| Active participants, start / end of year | 637 / 719 |
| Participants with account balances | 684 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Wipfli |
Largest service providers (Schedule C)
| First Interstate Wealth Management | $9,295 reported compensation |
| Adp, Inc. | $7,650 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250902102619NAL0014153425001, received 2025-09-02, EIN 32-0189276, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.