S&me, Inc. 401(k) Review & Grade
S&me, Inc. 401(k) Plan
Raleigh, NCProfessional, Scientific & Technical Services1,060 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,510Employer $ per active participant
$6,396Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$117.9MNet plan assets, end of year
$78,882Average balance per account
Score breakdown
- Employer generosity13.4 / 5027th percentile for employer $ per participant
- Low cost16.2 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving4.8 / 1532th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 27th |
| Lower admin cost | 65th |
| Employee saving | 32th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $61,852 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- S&me put in about $1,510 per active participant, below the typical peer ($3,082). 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 | $1,600,170 |
| Participant (employee) contributions | $6,779,675 |
| Other contributions (incl. rollovers in) | $2,870,539 |
| Administrative expenses paid from the plan | $160,039 |
| Contract administrator fees | $160,039 |
| Benefits paid out | $15,093,412 |
| Net assets, start / end of year | $107.4M / $117.9M |
| Active participants, start / end of year | 1,079 / 1,041 |
| Participants with account balances | 1,495 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Batchelor, Tillery & Roberts LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $160,039 reported compensation |
| Rpa Financial, LLC | $53,604 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250717101043NAL0000092865001, received 2025-07-17, EIN 56-0791580, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.